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 991 people, 472 houses or apartments, and a median cost of homes of $562,652, real estate costs in Grapeview are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Washington communities.
Single-family detached homes are the single most common housing type in Grapeview, accounting for 94.69% of the town's housing units.
Dwellings in Grapeview tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 62.81% of the homes in Grapeview have two or fewer bedrooms.
There is a lot of housing in Grapeview 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 Grapeview built between 1940-1969 ( 32.97%). A lesser amount of the housing stock also hails from between 2000 and later ( 27.25%).
A decent proportion of the Grapeview housing stock is seasonally occupied. That is, homes and condos in Grapeview are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Grapeview housing market speaks to its popularity as a vacation location of choice.
In the last 10 years, Grapeview has experienced some of the highest home appreciation rates of any community in the nation. Grapeview real estate appreciated 147.85% over the last ten years, which is an average annual home appreciation rate of 9.50%, putting Grapeview in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Grapeview 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, Grapeview appreciation rates have trailed the rest of the nation. In the last twelve months, Grapeview's appreciation rate has been -1.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Grapeview were at 0.16%, which equates to an annual appreciation rate of 0.63%.
Notably, Grapeview's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Washington, our data show that Grapeview's latest annual appreciation rate is lower than 80% of the other cities and towns in Washington.
$562,652
for Washington
for nation
472
$1,400 / per month