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 10,953, 4,247 total housing units (homes and apartments), and a median house value of $433,561, Granby real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Granby, accounting for 87.08% of the town's housing units. Other types of housing that are prevalent in Granby include row houses and other attached homes ( 5.71%), large apartment complexes or high rise apartments ( 4.33%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.88%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Granby. Owner-occupied housing accounts for 91.13% of Granby's homes, and 74.45% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Granby 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 Granby built between 1940-1969 ( 23.79%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.18%). There's also some housing in Granby built before 1939 ( 13.52%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Granby, where house values have increased just 37.66%, which is annualized rate of 3.25%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Granby appreciation rates have trailed the rest of the nation. In the last twelve months, Granby's appreciation rate has been 3.16%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Granby were at 2.48%, which equates to an annual appreciation rate of 10.28%.
Relative to Connecticut, our data show that Granby's latest annual appreciation rate is lower than 50% of the other cities and towns in Connecticut.
$1,746 / per month