Rates by city
Mortgage rates in Kentwood, Michigan
Kentwood is Grand Rapids' most diverse suburb and one of its fastest-growing, offering newer and mid-century homes at prices that undercut the city itself — a combination drawing first-time buyers and new arrivals to West Michigan.
The Kentwood market
Kentwood blends 1970s–90s subdivisions with newer development near the airport and retail corridors, so buyers find both established comparables and near-new inventory. Its diversity and growth keep demand broad, and prices below the GR median keep it accessible.
Neighborhoods buyers ask about: Bowen Station · Princeton Estates · Ridgemoor · Stauffer Station · Woodland area
What's different about buying here
Kentwood mixes 1970s–90s subdivisions with newer airport-corridor development, giving buyers both established comparables and near-new inventory below the Grand Rapids median.
Down payment help in Kentwood
Many Kentwood homes fall within MSHDA limits, making the MI 10K DPA a live option for first-time buyers — especially in the older subdivisions south and east of the city.
Today's Michigan rates
| Loan type | Rate | APR | Weekly change |
|---|---|---|---|
| 30-Year Fixed | 6.45% | 6.52% | ▾ 0.04 pts |
| 15-Year Fixed | 5.72% | 5.81% | ▾ 0.02 pts |
| FHA 30-Year | 6.12% | 6.89% | ▾ 0.05 pts |
| VA 30-Year | 6.02% | 6.21% | ▴ + 0.01 pts |
Source: Editorial survey of Michigan lenders; national benchmark: Freddie Mac PMMS. Averages for borrowers with 740+ credit and 20% down; your quote will differ.
Estimate your exact payment with Kent County's tax rate in the mortgage payment calculator, and see whether you qualify for buyer assistance programs before assuming you need 20% down.
Frequently asked questions
How does Kentwood compare to Grand Rapids for buyers?
It's generally more affordable and offers newer housing. Kentwood's mid-century-to-modern subdivisions price below the GR median, many within MSHDA limits, so first-time buyers often find more house — and more assistance eligibility — a few miles south of the city.
What is the monthly payment on a typical Kentwood home?
On Kentwood's median price of about $290 000 with 10% down at today's 6.45% average rate, expect roughly $2 129/month including Kent County property taxes at ~1.4% and insurance.
Are mortgage rates different in Kentwood than the rest of Michigan?
The interest rate itself is the same statewide — what changes in Kentwood is everything around it: Kent County's ~1.4% effective property tax, local insurance costs, and which down payment assistance programs apply.