Grover Beach, CA Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Grover Beach, CA Housing Market Trends

With 13,459 people, 5,307 houses or apartments, and a median cost of homes of $566,151, 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 56.04% 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 ( 17.53%), row houses and other attached homes ( 11.94%), and a few large apartment complexes or high rise apartments ( 10.68%).

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 ( 29.58%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.54%). There's also some housing in Grover Beach built before 1939 ( 4.29%).

Vacant housing appears to be an issue in Grover Beach. Fully 11.15% of the housing stock is classified as vacant. Left unchecked, vacant Grover Beach homes and apartments can be a drag on the real estate market, holding Grover Beach 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.

Grover Beach Home Appreciation Rates

In the last 10 years, Grover Beach has experienced some of the highest home appreciation rates of any community in the nation. Grover Beach real estate appreciated 65.94% over the last ten years, which is an average annual home appreciation rate of 5.20%, putting Grover Beach in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Grover Beach definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Grover Beach appreciation rates have trailed the rest of the nation. In the last twelve months, Grover Beach's appreciation rate has been 3.51%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Grover Beach were at 1.39%, which equates to an annual appreciation rate of 5.68%.

Notably, Grover Beach's appreciation rate in the latest quarter is one of the lowest in America.

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:
$566,151

Grover Beach, CA HOME PRICES

> $1,146,000
3.6%
3.6%
$859,001 - $1,146,000
2.4%
2.4%
$573,001 - $859,000
42.3%
42.3%
$458,001 - $573,000
29.3%
29.3%
$344,001 - $458,000
12.8%
12.8%
$229,001 - $344,000
3.7%
3.7%
$115,001 - $229,000
0.0%
0.0%
$57,001 - $115,000
2.1%
2.1%
$0 - $57,000
3.8%
3.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for CA

Value Relative To Nation

Number Of Homes And Apartments:
5,307

Grover Beach Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
132.99% 4.11%
6
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,931 / per month

Homeownership Rate

Owners
51.3%
51.3%
Renters
48.7%
48.7%
Vacant
11.2%
11.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
9.5%
9.5%
1970 - 1999
56.6%
56.6%
1940 - 1969
29.6%
29.6%
1939 or Older
4.3%
4.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
56.0%
56.0%
Townhomes
11.9%
11.9%
Small Apt. Buildings
17.5%
17.5%
Apt. Complexes
10.7%
10.7%
Mobile Homes
3.8%
3.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.1%
2.1%
1 Bedroom
9.2%
9.2%
2 Bedrooms
45.7%
45.7%
3 Bedrooms
35.7%
35.7%
4 Bedrooms
6.6%
6.6%
5 or more bedrooms
0.7%
0.7%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Grover Beach

Popular Communities Near Grover Beach, CA

Zip Codes in Grover Beach, CA