In Grand Ledge, a typical home is worth $194,000 and typical rent is $982 a month. Compared with all of Eaton County, typical household income is 13% lower, the typical home value is 11% lower, and the share of households that own their home is 7 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $243,415 to $299,205.
Typical rent
$1,356a month
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Grand Ledge is in Eaton County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Eaton County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Lansing, the typical home value is $128,700: 34% less than in Grand Ledge ($194,000).
2
67% of households in Grand Ledge own their home, against 74% in Eaton County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Grand Ledge
What homes there are in Grand Ledge, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Grand Ledge
Eaton County
Michigan
United States
Kind of home: Grand Ledge and its comparisons
Measure
Grand Ledge
Eaton County
Michigan
United States
Detached house
56%
70%
72%
61%
Attached house
Unreliable estimate
4%
5%
6%
Building of 2 to 4
10%
4%
5%
8%
Apartments (5 or more)
22%
17%
13%
19%
Mobile home
10%
5%
5%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
Detached houses are the majority in Grand Ledge (56%), but less so than in Eaton County (70%).
In Grand Ledge there are many mobile homes: 10% of homes; in Eaton County, 5%.
Year built
Before 19601960–19791980–19992000–20092010 or later
Grand Ledge
Eaton County
Michigan
United States
Year built: Grand Ledge and its comparisons
Measure
Grand Ledge
Eaton County
Michigan
United States
Before 1960
35%
26%
36%
26%
1960–1979
30%
30%
26%
24%
1980–1999
25%
27%
22%
25%
2000–2009
6%
11%
10%
14%
2010 or later
4%
6%
6%
11%
The typical year built in Grand Ledge is 1974, about the same as in Eaton County (1977).
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K18%
$100K–$200K36%
$200K–$300K24%
$300K–$500K21%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Grand Ledge and its comparisons
Measure
Grand Ledge
Under $100K
18%
$100K–$200K
36%
$200K–$300K
24%
$300K–$500K
21%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
At least 98% of owner-occupied homes in Grand Ledge are worth less than $500,000, below the FHA loan limit for Eaton County ($541,287).
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99945%
$1,000–$1,49931%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Grand Ledge and its comparisons
Measure
Grand Ledge
Under $500
Unreliable estimate
$500–$999
45%
$1,000–$1,499
31%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable estimate
With a mortgage
$1,475 a month
Eaton County: $1,514 a month
Without a mortgage
$763 a month
Eaton County: $641 a month
Owners with a mortgage
62%
Eaton County: 63%
Owning costs about the same in Grand Ledge as in Eaton County: with a mortgage, $1,475 a month; without one, $763.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Grand Ledge+36%
Eaton County+40%
Michigan+50%
United States+53%
Typical rent
Grand Ledge+23%
Eaton County+27%
Michigan+30%
United States+33%
Typical household income
Grand LedgeNo clear change
Eaton County+24%
Michigan+28%
United States+29%
Change since 2015–2019: Grand Ledge and its comparisons
Measure
Grand Ledge
Eaton County
Michigan
United States
Typical home value
+36%
+40%
+50%
+53%
Typical rent
+23%
+27%
+30%
+33%
Typical household income
No clear change
+24%
+28%
+29%
The typical home value in Grand Ledge rose 36% since 2015–2019, less than in Eaton County (40%).
Since 2015–2019, the typical rent in Grand Ledge rose 23%, less than in Eaton County (27%).
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Grand Ledge and its comparisons
Measure
Grand Ledge
Eaton County
Michigan
United States
Rental vacancy
Unreliable estimate
5.3%
5.1%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.8%
0.9%
More than one person per room
Unreliable estimate
1.3%
1.6%
3.4%
People per household
2.14
2.36
2.42
2.53
Drive alone
74%
72%
74%
69%
Carpool
Unreliable estimate
9%
8%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
2%
2%
3%
Work from home
17%
15%
14%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
Unreliable estimate
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
Fewer people live in each home here: 2.14 on average, against 2.36 in Eaton County.
In Grand Ledge, 74% of workers drive alone to work; in Eaton County, 72%.
Do the math
What would you pay each month for a home in Grand Ledge?
A typical home is tight for the typical income
We start with a typical home in Grand Ledge, worth $194,000, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 31% of the typical household income in Grand Ledge, which is $68,980 a year. For that payment to be 28% of income, a household would need to earn about $75,194 a year.
The calculator's FHA and conventional loan limits are those of all of Eaton County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Grand Ledge. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $6,790 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,755
at 7.18% · 30 years
Loan amount
$190,486
Total interest
$274,065
Paid off in
November 2056
Includes $3,276 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,610 a month
Tight
$1,610 to $2,069 a month
Your payment · 31%
Hard
more than $2,069 a month
Compared with the typical household income in Grand Ledge ($68,980 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,290
Property tax
$298
Home insurance
$81
FHA mortgage insurance (MIP)
$86
You need at least $6,790 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,755; principal and interest $1,290.
The city and its county
Grand Ledge and Eaton County
Grand Ledge is in Eaton County, Michigan. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Grand Ledge
Map of Eaton County, Michigan, with Grand Ledge marked. Around it, the neighboring counties.
Grand Ledge
Eaton County
Other cities with a page
Grand Ledge's own numbers
Typical home value
$194,000
Typical monthly rent
$982
Typical yearly household income
$68,980
Households that own their home
67%
Effective property tax rate
1.84%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Eaton County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,323
Price change over 5 years (FHFA)
+47%
Homes in a high flood-risk zone
1.7%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Eaton County.
A typical home in Grand Ledge is worth $194,000: 11% below the county and 16% below Michigan. With the typical household income in Grand Ledge ($68,980 a year), a typical home costs 2.8 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Grand Ledge2.8 years
Eaton2.7 years
Michigan3.2 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Eaton County
According to FHFA’s house price index, home prices in Eaton County rose 95% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Eaton County.
Yearly change in FHFA’s price index in Eaton County, 2016 to 2025
2016: +4.7% +4.7% 2016
2017: +7.4% +7.4% 2017
2018: +7.5% +7.5% 2018
2019: +4.2% +4.2% 2019
2020: +5.1% +5.1% 2020
2021: +10.9% +10.9% 2021
2022: +10.7% +10.7% 2022
2023: +4.4% +4.4% 2023
2024: +10.4% +10.4% 2024
2025: +4.0% +4.0% 2025
Change in FHFA’s price index in Eaton County, Michigan and the United States
Period
County
Michigan
U.S.
Last year (2025)
+4.0%
+4.7%
+2.9%
5 years (2020–2025)
+47%
+52%
+47%
10 years (2015–2025)
+95%
+97%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Grand Ledge next to Eaton County, Michigan and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Grand Ledge$194,000
Eaton$216,900
Michigan$231,600
United States$332,700
Typical monthly rent
Grand Ledge$982
Eaton$1,092
Michigan$1,129
United States$1,413
Typical yearly household income
Grand Ledge$68,980
Eaton$79,597
Michigan$72,875
United States$80,734
See the full table
Grand Ledge next to Eaton County and Michigan
Measure
Grand Ledge
Eaton County
Michigan
U.S.
Typical home value
$194,000 ▼11% below the county
$216,900
$231,600
$332,700
Typical monthly rent
$982 ▼10% below the county
$1,092
$1,129
$1,413
Typical yearly household income
$68,980 ▼13% below the county
$79,597
$72,875
$80,734
Households that own their home
67% ▼7 points below the county
74%
73%
65%
Typical yearly property tax
$3,579 ▲17% above the county
$3,067
$2,904
$3,119
Effective property tax rate
1.84% ▲0.43 points above the county
1.41%
1.25%
0.94%
Renters with high rent for their income
44% ▲3 points above the county
41%
50%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Eaton County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Grand Ledge
For a typical $194,000 home in Grand Ledge, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Grand Ledge's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,755a month
Least cash to close
Down payment
$6,790
Cash to close
$12,610
Rate
7.18%
Mortgage insurance
FHA MIP · $86
Conventional, 5% down$1,719a month
Down payment
$9,700
Cash to close
$15,520
Rate
7.18%
Mortgage insurance
PMI · $92
Conventional, 20% down, no PMI$1,430a month
Down payment
$38,800
Cash to close
$44,620
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,609a month
Down payment
$29,100
Cash to close
$34,920
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Grand Ledge
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,755
$6,790
$190,486
7.18%
FHA MIP · $86
$12,610
580
Conventional, 5% down
$1,719
$9,700
$184,300
7.18%
PMI · $92
$15,520
620*
Conventional, 20% down, no PMI
$1,430
$38,800
$155,200
7.18%
None
$44,620
620*
ITIN, 15% down (example)
$1,609
$29,100
$164,900
8.18%
None
$34,920
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Grand Ledge is $982 a month: 10% below the county. In Grand Ledge, 44% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Eaton County, by unit size. To pay the 2-bedroom one ($1,323 a month) without spending more than 30% of your income, you would need to earn $25.44 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Eaton County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,036
$19.92
$41,440
1 bedroom
$1,054
$20.27
$42,160
2 bedrooms
$1,323
$25.44
$52,920
3 bedrooms
$1,685
$32.40
$67,400
4 bedrooms
$1,739
$33.44
$69,560
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Grand Ledge
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Grand Ledge is in ZIP code 48837.
For 2 bedrooms it is $1,270: $53 less than the fair market rent for Eaton County ($1,323).
Fair market rent by ZIP code and size in Grand Ledge, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
48837
$990
$1,010
$1,270
$1,620
$1,740
ZIP code2 bd3 bd
48837 $1,270$1,620
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Grand Ledge when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 2 HUD-approved agencies with an office in Eaton County; 1 says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Grand Ledge or Eaton County. The ones below are statewide in Michigan: they work in Grand Ledge the same as in the rest of the state.
Michigan state agency loan of up to $10,000, with no interest and no monthly payments, for the down payment, closing costs and prepaid expenses; it goes with MSHDA's MI Home Loan mortgage and is repaid in certain cases, such as when you pay off the first mortgage, sell or refinance the home, or no longer live in it.Offered by Michigan State Housing Development Authority (MSHDA).
Michigan state authority certificate that lets you take 20% of the interest you pay each year on your mortgage off your federal taxes, for the life of the loan; you apply with an approved lender before you buy.Offered by Michigan State Housing Development Authority (MSHDA).
No legal help resource on our list is for Grand Ledge or Eaton County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Grand Ledge and all of Eaton County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Grand Ledge?
The typical home value in Grand Ledge is $194,000, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Eaton County it is $216,900.
How much does it cost to rent in Grand Ledge?
Typical rent in Grand Ledge is $982 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Eaton County is $1,323.
What is the FHA loan limit in Grand Ledge?
Grand Ledge uses the FHA limit for all of Eaton County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Grand Ledge?
The typical homeowner in Grand Ledge pays $3,579 a year, according to the U.S. Census Bureau. That is 1.84% of the home’s value; in Eaton County, the rate is 1.41%.
Where can I find free help to buy or rent in Grand Ledge?
There are 2 HUD-approved counseling agencies with an office in Eaton County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.
