Third Ward, Grand Rapids, MI
Third Ward — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Third Ward, Grand Rapids, Michigan. Explore the cited sources and local facts below while agent underwriting continues.
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Third Ward Neighborhood Overview
The Third Ward is a historic and centrally located neighborhood in Grand Rapids, Michigan. It is known for its beautiful, tree-lined streets and a mix of classic architecture and modern living, offering residents a vibrant urban experience.
Lifestyle & Amenities
Residents enjoy immediate access to downtown Grand Rapids' premier attractions, including the Van Andel Arena, DeVos Place, and a wide array of restaurants, breweries, and shops. The neighborhood's walkable streets and proximity to the Grand River provide ample opportunities for recreation and entertainment.
Real Estate Market
The Third Ward features a stable and desirable real estate market, with a Census median home value of $306,400. The housing stock is diverse, ranging from historic mansions and renovated single-family homes to modern condominiums and apartments.
Schools & Education
The neighborhood is served by the Grand Rapids Public Schools district. Families in the area have access to a variety of public, private, and charter school options throughout the city.
Transportation & Connectivity
Third Ward is highly walkable and bikeable, with excellent connectivity to major downtown arteries. Public transportation via The Rapid bus system is readily accessible, and major highways are just minutes away for regional travel.
Why Choose Third Ward
Choosing Third Ward means investing in a dynamic urban lifestyle with a strong sense of community and history. With a high median household income of $106,971 and its central location, it appeals to professionals, families, and anyone seeking the energy of city living.
Third Ward Market Data
| Metric | Value |
|---|---|
| Median Home Price | $306K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $107K |
| Homeownership Rate | 76.3% |
| Renter-Occupied | 23.7% |
| Rental Vacancy Rate | 8.5% |
| Market Type | Buyer's |
| Market Tier | Mid-Range |
| Primary ZIP Code | 49506 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 264,220 |
| VA Loan Originations | 9,916 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $247K |
| Conventional Loan Originations | 227,996 |
| FHA Loan Originations | 26,308 |
Top Real Estate Agents in Third Ward, Grand Rapids
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Third Ward, Grand Rapids, MI. Explore the available cited neighborhood data on this page.
Agent selection follows our published merit criteria. Do not infer or fabricate agent names.
Data Provenance
- State Licensing: Michigan Department of Licensing and Regulatory Affairs (LARA) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12