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 a population of 21,247, 7,731 total housing units (homes and apartments), and a median house value of $1,182,339, Granite Bay house prices are not only among the most expensive in California, Granite Bay real estate also is some of the most expensive in all of America.
Granite Bay is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Granite Bay than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Granite Bay. Owner-occupied housing accounts for 91.06% of Granite Bay's homes, and 73.98% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Granite Bay 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 Granite Bay built between 2000 and later ( 17.98%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.17%).
Real estate appreciation rates in Granite Bay's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.66% during the period.
Over the last year, Granite Bay appreciation rates have trailed the rest of the nation. In the last twelve months, Granite Bay's appreciation rate has been -1.08%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Granite Bay were at -1.04%, which equates to an annual appreciation rate of -4.11%.
Notably, Granite Bay's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Granite Bay's latest annual appreciation rate is lower than 80% of the other cities and towns in California.
$1,182,339
for California
for nation
7,731
$3,343 / per month