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 6,582 people, 2,204 houses or apartments, and a median cost of homes of $191,959, Gridley real estate values are some of the lowest in California, although compared to real estate around the nation, Gridley homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Gridley, accounting for 80.96% of the city's housing units. Other types of housing that are prevalent in Gridley include duplexes, homes converted to apartments or other small apartment buildings ( 9.54%), large apartment complexes or high rise apartments ( 6.31%), and a few row houses and other attached homes ( 3.19%).
People in Gridley primarily live in small (one, two or no bedroom) single-family detached homes. Gridley has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Gridley's housing was primarily built during this period, from the '40s through the '60s. A full 35.83% of the city's housing hails from this era. Other housing ages represented in Gridley include homes built between 1970-1999 ( 29.63%) and housing constructed between 2000 and later ( 17.60%). There's also some housing in Gridley built before 1939 ( 16.94%).
Vacant housing appears to be an issue in Gridley. Fully 14.17% of the housing stock is classified as vacant. Left unchecked, vacant Gridley homes and apartments can be a drag on the real estate market, holding Gridley real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Homes have actually lost value in Gridley over the last then years, as home values have seen a decline of 25.72% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Gridley home appreciation rates at 1.71%, which equates to an annual appreciation rate of 7.00%.
NeighborhoodScout's data show that during the latest twelve months, Gridley's appreciation rate, at 5.19%, has been at or slightly above the national average. In the latest quarter, Gridley's appreciation rate has been 1.71%, which annualizes to a rate of 7.00%.
Importantly, this makes Gridley 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 Gridley's latest annual appreciation rate is lower than 80% of the other cities and towns in California.
|$965,001 - $1,286,000||1.1|
|$643,001 - $965,000||0.2|
|$515,001 - $643,000||2.2|
|$386,001 - $515,000||5.3|
|$257,001 - $386,000||21.5|
|$129,001 - $257,000||47.5|
|$64,001 - $129,000||18.5|
|$0 - $64,000||3.5|
|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 Gridley HOMES|
|2000 or Newer||17.6|
|1970 - 1999||29.6|
|1940 - 1969||35.8|
|1939 or Older||16.9|
|TYPE OF Gridley HOMES|
|Small Apt. Buildings||9.5|
|SIZE OF Gridley HOMES|
|5 or more bedrooms||8.84|