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 1,904 people, 671 houses or apartments, and a median cost of homes of $323,850, Grandview real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Grandview, accounting for 74.93% of the city's housing units. Other types of housing that are prevalent in Grandview include mobile homes or trailers ( 7.52%), duplexes, homes converted to apartments or other small apartment buildings ( 7.37%), and a few large apartment complexes or high rise apartments ( 7.23%).
The most prevalent building size and type in Grandview are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.69% owning and 41.31% renting.
There is a lot of housing in Grandview 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 Grandview built between 2000 and later ( 33.04%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.93%). There's also some housing in Grandview built before 1939 ( 7.37%).
In the last 10 years, Grandview has experienced some of the highest home appreciation rates of any community in the nation. Grandview real estate appreciated 127.37% over the last ten years, which is an average annual home appreciation rate of 8.56%, putting Grandview in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Grandview definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Grandview appreciation rates have trailed the rest of the nation. In the last twelve months, Grandview's appreciation rate has been 3.60%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Grandview were at 1.89%, which equates to an annual appreciation rate of 7.76%.
Relative to Texas, our data show that Grandview's latest annual appreciation rate is lower than 60% of the other cities and towns in Texas.
$323,850
for Texas
for nation
671
$1,868 / per month