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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Grant, AL Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Grant, AL Housing Market Trends

With a population of 1,047, 517 total housing units (homes and apartments), and a median house value of $193,888, house prices in Grant are solidly below the national average.

Single-family detached homes are the single most common housing type in Grant, accounting for 87.80% of the town's housing units. Other types of housing that are prevalent in Grant include large apartment complexes or high rise apartments ( 8.19%), duplexes, homes converted to apartments or other small apartment buildings ( 2.61%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Grant. Owner-occupied housing accounts for 79.88% of Grant's homes, and 73.00% have either three or four bedrooms, which is average sized relative to America.

Grant homes and real estate are some of the newest in America. 39.72% of Grant's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Grant real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 37.11%), and between 1940-1969 ( 22.30%).

Grant Home Appreciation Rates

Real estate appreciation rates in Grant's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.80% during the period.

NeighborhoodScout's data show that during the latest twelve months, Grant's appreciation rate, at 6.13%, has been at or slightly above the national average. In the latest quarter, Grant's appreciation rate has been 1.28%, which annualizes to a rate of 5.24%.

Relative to Alabama, our data show that Grant's latest annual appreciation rate is higher than 60% of the other cities and towns in Alabama.

Average Home Values

Median Home Value

$193,888

Grant, AL Home Prices
> $1,316,000
$987,001 - $1,316,000
$658,001 - $987,000
$526,001 - $658,000
$395,001 - $526,000
$264,001 - $395,000
$132,001 - $264,000
$66,001 - $132,000
$0 - $66,000
0.1%
0.1%
1.3%
1.3%
2.6%
2.6%
1.7%
1.7%
4.1%
4.1%
22.4%
22.4%
38.2%
38.2%
19.9%
19.9%
9.8%
9.8%
0% 100.0%
% of Homes
Average

for Alabama

Low

for nation

Number of Homes And Apartments:

517

Grant Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,059 / per month

Homeownership Rate

Owners
Renters
79.9%
79.9%
20.1%
20.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.9%
9.9%
90.1%
90.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
39.7%
39.7%
37.1%
37.1%
22.3%
22.3%
0.9%
0.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
87.8%
87.8%
0.7%
0.7%
2.6%
2.6%
8.2%
8.2%
0.0%
0.0%
0.7%
0.7%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.3%
2.3%
7.0%
7.0%
11.0%
11.0%
59.4%
59.4%
13.6%
13.6%
6.8%
6.8%
0% 100.0%
% of Homes