Grand Terrace, CA


Highest Appreciating Grand Terrace Neighborhoods Since 2000

Grand Terrace, CA Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Grand Terrace Housing Market Information

With a population of 12,464, 4,352 total housing units (homes and apartments), and a median house value of $333,669, real estate costs in Grand Terrace are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in Grand Terrace, accounting for 61.39% of the city's housing units. Other types of housing that are prevalent in Grand Terrace include large apartment complexes or high rise apartments ( 22.98%), row houses and other attached homes ( 7.54%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.40%).

The most prevalent building size and type in Grand Terrace are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.28% owning and 37.72% renting.

There is a lot of housing in Grand Terrace 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 Grand Terrace built between 1940-1969 ( 25.38%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.98%).

Grand Terrace Home Appreciation Rates

Grand Terrace's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Grand Terrace during the period has been just -1.66%, which is lower than 80% of US communities.

Appreciation rates are so strong in Grand Terrace that despite a nationwide downturn in the housing market, Grand Terrace real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Grand Terrace appreciation rates continue to be some of the highest in America, at 7.97%, which is higher than appreciation rates in 86.58% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Grand Terrace. Grand Terrace appreciation rates in the latest quarter were at 2.02%, which equates to an annual appreciation rate of 8.32%.

Importantly, this makes Grand Terrace 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 California, our data show that Grand Terrace's latest annual appreciation rate is higher than 50% of the other cities and towns in California.

Average Home Values


Median Home Value:

Grand Terrace, CA HOME PRICES

Value Range
> $1,363,000 0.2
$1,022,001 - $1,363,000 0.0
$681,001 - $1,022,000 1.5
$545,001 - $681,000 3.1
$409,001 - $545,000 18.0
$272,001 - $409,000 45.4
$136,001 - $272,000 18.7
$68,001 - $136,000 5.4
$0 - $68,000 7.6

Low for CA
Very High for Nation

Value Relative to Nation Value Relative to State
13.3891948904254 62.5661375661376

Number Of Homes And Apartments:

Grand Terrace Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
109.43% 4.38% 8 10
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,694 / per month

Homeownership Rate

Owners 62.28
Renters 37.72
Vacant 3.20

Housing Market Details


Age of Homes

AGE OF Grand Terrace HOMES
2000 or Newer 7.0
1970 - 1999 67.1
1940 - 1969 25.4
1939 or Older 0.5

Types of Homes

TYPE OF Grand Terrace HOMES
Single-Family 61.4
Townhomes 7.5
Small Apt. Buildings 5.4
Apt. Complexes 23.0
Mobile Homes 2.7
Other 0.0

Home Size

SIZE OF Grand Terrace HOMES
No Bedroom 1.00
1 Bedroom 12.12
2 Bedrooms 22.82
3 Bedrooms 39.81
4 Bedrooms 22.58
5 or more bedrooms 1.67