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Abbeville, AL (Shorterville/Union)
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Home Appreciation:
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Grand Bay appreciation rates and housing market information
Highest Appreciating Grand Bay Neighborhoods Since 1990
| NAME | |
|---|---|
| 1 | Dawes / Union Church |
| 2 | Town Center |
popular neighborhoods in Grand Bay Town Center, Dawes / Union Church
popular communities near Grand Bay, Alabama Bayou La Batre, Coden, Irvington, Lucedale, MS, Mobile, Moss Point, MS, Pascagoula, MS, Theodore, Tillmans Corner
POPULATION
4,102
Grand Bay Appreciation Rates
Grand Bay
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|---|---|---|---|---|
| PERIOD | TOTAL APPRECIATION | AVG. ANNUAL RATE | COMPARED TO AL* |
COMPARED TO AMERICA* |
| Since 1990 |  124.30%
|
6.54%
|
3 | 4 |
| Last 10 Years | 56.49%
|
5.64%
|
3 | 3 |
| Last 5 Years | 35.80%
|
7.16%
|
4 | 6 |
| Last 2 Years | 5.39%
|
2.69%
|
3 | 6 |
| Last 12 Months | 0.22%
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0.22%
|
3 | 5 |
| Latest Quarter | 1.81%
|
7.24%
|
9 | 9 |
| * 10 is highest | ||||
Grand Bay housing market information
With a population of 4,102, 1,474 total housing units (homes and apartments), and a median house value of $140,299, Grand Bay 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 Grand Bay, accounting for 73.34% of the town's housing units. Other types of housing that are prevalent in Grand Bay include mobile homes or trailers (23.41%), large apartment complexes or high rise apartments (2.17%), and a few row houses and other attached homes (0.68%).
Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Grand Bay. Owner-occupied housing accounts for 76.80% of Grand Bay's homes, and 73.67% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Grand Bay built from 1970-1994, 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 Grand Bay built from 1940-1969 (27.68%). A lesser amount of the housing stock also hails from 1995 and later (18.25%), and some were built from 1939 and earlier (18.25%).
Grand Bay home appreciation rates
Grand Bay's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Grand Bay during the period has been just 5.64%, which is lower than % of US communities.
NeighborhoodScout's data show that during the latest twelve months, Grand Bay home appreciation rates, at 0.22%, have been at or slightly above the national average. In the latest quarter, Grand Bay's appreciation rate has been 1.81%, which annualizes to a rate of 7.24%.
Importantly, this makes Grand Bay one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Alabama, our data show that Grand Bay's latest annual appreciation rate is higher than 21% of the other cities and towns in Alabama.
Grand Bay Real Estate Agents
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