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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Grimes, IA 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 Q1 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Grimes, IA Housing Market Trends

With a population of 16,295, 5,736 total housing units (homes and apartments), and a median house value of $397,943, Grimes real estate is some of the most expensive in Iowa, although Grimes home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Grimes, accounting for 63.61% of the city's housing units. Other types of housing that are prevalent in Grimes include large apartment complexes or high rise apartments ( 17.15%), row houses and other attached homes ( 7.05%), and a few mobile homes or trailers ( 6.11%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Grimes. Owner-occupied housing accounts for 67.75% of Grimes's homes, and 58.24% have either three or four bedrooms, which is average sized relative to America.

Grimes homes and real estate are some of the newest in America. 59.73% of Grimes's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Grimes real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 32.18%), and between 1940-1969 ( 4.54%). There's also some housing in Grimes built before 1939 ( 3.55%).

Grimes Home Appreciation Rates

Grimes's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Grimes during the period has been just 5.13%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Grimes's appreciation rate, at 7.58%, has been at or slightly above the national average. In the latest quarter, Grimes's appreciation rate has been 2.66%, which annualizes to a rate of 11.09%.

Relative to Iowa, our data show that Grimes's latest annual appreciation rate is lower than 50% of the other cities and towns in Iowa.

Average Home Values

Median Home Value

$397,943

Grimes, IA Home Prices
> $1,319,000
$989,001 - $1,319,000
$660,001 - $989,000
$528,001 - $660,000
$396,001 - $528,000
$264,001 - $396,000
$132,001 - $264,000
$66,001 - $132,000
$0 - $66,000
0.0%
0.0%
5.0%
5.0%
6.0%
6.0%
9.5%
9.5%
21.9%
21.9%
25.8%
25.8%
22.1%
22.1%
3.0%
3.0%
6.6%
6.6%
0% 100.0%
% of Homes
Very High

for Iowa

High

for nation

Number of Homes And Apartments:

5,736

Grimes Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,535 / per month

Homeownership Rate

Owners
Renters
67.8%
67.8%
32.2%
32.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
0.6%
0.6%
99.4%
99.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
59.7%
59.7%
32.2%
32.2%
4.5%
4.5%
3.6%
3.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
63.6%
63.6%
7.1%
7.1%
6.1%
6.1%
17.1%
17.1%
6.1%
6.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.5%
0.5%
6.6%
6.6%
29.4%
29.4%
28.1%
28.1%
30.1%
30.1%
5.3%
5.3%
0% 100.0%
% of Homes