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
With 12,944 people, 6,017 houses or apartments, and a median cost of homes of $333,338, real estate costs in Grass Valley 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 Grass Valley, accounting for 51.80% of the city's housing units. Other types of housing that are prevalent in Grass Valley include large apartment complexes or high rise apartments ( 28.24%), duplexes, homes converted to apartments or other small apartment buildings ( 10.20%), and a few mobile homes or trailers ( 6.53%).
People in Grass Valley primarily live in small (one, two or no bedroom) single-family detached homes. Grass Valley has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Grass Valley 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 Grass Valley built between 1940-1969 ( 24.66%). A lesser amount of the housing stock also hails from before 1939 ( 19.15%). There's also some housing in Grass Valley built between 2000 and later ( 12.41%).
Homes have actually lost value in Grass Valley over the last then years, as home values have seen a decline of 20.42% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Grass Valley home appreciation rates at 1.82%, which equates to an annual appreciation rate of 7.47%.
Appreciation rates are so strong in Grass Valley that despite a nationwide downturn in the housing market, Grass Valley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Grass Valley appreciation rates continue to be some of the highest in America, at 7.95%, which is higher than appreciation rates in 86.51% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Grass Valley. Grass Valley appreciation rates in the latest quarter were at 1.82%, which equates to an annual appreciation rate of 7.47%.
Importantly, this makes Grass Valley 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 Grass Valley's latest annual appreciation rate is higher than 50% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Grass Valley differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Grass Valley - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Grass Valley real estate investment or home purchase decisions.
|$982,001 - $1,310,000||2.6|
|$655,001 - $982,000||8.5|
|$524,001 - $655,000||6.4|
|$393,001 - $524,000||20.6|
|$262,001 - $393,000||31.0|
|$131,001 - $262,000||19.3|
|$65,001 - $131,000||1.3|
|$0 - $65,000||8.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Grass Valley HOMES|
|2000 or Newer||12.4|
|1970 - 1999||43.8|
|1940 - 1969||24.7|
|1939 or Older||19.1|
|TYPE OF Grass Valley HOMES|
|Small Apt. Buildings||10.2|
|SIZE OF Grass Valley HOMES|
|5 or more bedrooms||0.18|