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 16,295 people, 5,736 houses or apartments, and a median cost of homes of $385,917, 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'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 4.82%, which is lower than 80% of US communities.
Over the last year, Grimes appreciation rates have trailed the rest of the nation. In the last twelve months, Grimes's appreciation rate has been 4.42%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Grimes were at -0.51%, which equates to an annual appreciation rate of -2.02%.
Relative to Iowa, our data show that Grimes's latest annual appreciation rate is higher than 70% of the other cities and towns in Iowa.
$385,917
for Iowa
for nation
5,736
$1,526 / per month