Grover Beach, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Grover Beach, 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

Grover Beach Housing Market Information

With a population of 13,600, 5,453 total housing units (homes and apartments), and a median house value of $509,391, real estate costs in Grover Beach 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 Grover Beach, accounting for 55.01% of the city's housing units. Other types of housing that are prevalent in Grover Beach include duplexes, homes converted to apartments or other small apartment buildings ( 17.95%), large apartment complexes or high rise apartments ( 13.32%), and a few row houses and other attached homes ( 8.54%).

People in Grover Beach primarily live in small (one, two or no bedroom) single-family detached homes. Grover Beach has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Grover Beach 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 Grover Beach built between 1940-1969 ( 25.91%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.48%). There's also some housing in Grover Beach built before 1939 ( 4.87%).

Grover Beach Home Appreciation Rates

Real estate appreciation rates in Grover Beach's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.63% during the period.

NeighborhoodScout's data show that during the latest twelve months, Grover Beach's appreciation rate, at 4.93%, has been at or slightly above the national average. In the latest quarter, Grover Beach's appreciation rate has been 0.09%, which annualizes to a rate of 0.34%.

Relative to California, our data show that Grover Beach's latest annual appreciation rate is lower than 80% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$509,391

Grover Beach, CA HOME PRICES

Value Range
> $1,283,000 1.0
$963,001 - $1,283,000 3.0
$642,001 - $963,000 24.8
$513,001 - $642,000 22.1
$385,001 - $513,000 27.2
$256,001 - $385,000 15.1
$128,001 - $256,000 2.0
$64,001 - $128,000 0.3
$0 - $64,000 4.5

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
5.71897339739834 38.8888888888889

Number Of Homes And Apartments:
5,453

Grover Beach Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
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
91.85% 3.85% 6 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,425 / per month

Homeownership Rate

Homeownership
Owners 41.81
Renters 58.19
Vacant 9.76

Housing Market Details

 

Age of Homes

AGE OF Grover Beach HOMES
2000 or Newer 9.5
1970 - 1999 59.7
1940 - 1969 25.9
1939 or Older 4.9

Types of Homes

TYPE OF Grover Beach HOMES
Single-Family 55.0
Townhomes 8.5
Small Apt. Buildings 18.0
Apt. Complexes 13.3
Mobile Homes 5.2
Other 0.0

Home Size

SIZE OF Grover Beach HOMES
No Bedroom 2.68
1 Bedroom 11.77
2 Bedrooms 44.85
3 Bedrooms 32.91
4 Bedrooms 6.60
5 or more bedrooms 1.19

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Zip Codes in Grover Beach, CA