Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 15,866, 6,392 total housing units (homes and apartments), and a median house value of $302,187, Grandville real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Grandville, accounting for 67.77% of the city's housing units. Other types of housing that are prevalent in Grandville include large apartment complexes or high rise apartments ( 19.17%), row houses and other attached homes ( 8.05%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.02%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Grandville. Owner-occupied housing accounts for 72.88% of Grandville's homes, and 57.75% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Grandville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Grandville built between 1940-1969 ( 34.91%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.63%). There's also some housing in Grandville built before 1939 ( 8.48%).
In the last 10 years, Grandville has experienced some of the highest home appreciation rates of any community in the nation. Grandville real estate appreciated 117.81% over the last ten years, which is an average annual home appreciation rate of 8.10%, putting Grandville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Grandville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Grandville's appreciation rate, at 5.59%, has been at or slightly above the national average. In the latest quarter, Grandville's appreciation rate has been 3.40%, which annualizes to a rate of 14.32%.
Importantly, this makes Grandville one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Michigan, our data show that Grandville's latest annual appreciation rate is lower than 60% of the other cities and towns in Michigan.
$302,187
for Michigan
for nation
6,392
$1,858 / per month