Grinnell, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Grinnell, IA 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

Grinnell Housing Market Information

With a population of 9,141, 3,462 total housing units (homes and apartments), and a median house value of $167,623, Grinnell real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Grinnell, accounting for 66.04% of the city's housing units. Other types of housing that are prevalent in Grinnell include duplexes, homes converted to apartments or other small apartment buildings ( 14.06%), large apartment complexes or high rise apartments ( 13.26%), and a few row houses and other attached homes ( 4.52%).

The most prevalent building size and type in Grinnell are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.18% owning and 45.82% renting.

There is a lot of housing in Grinnell 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 Grinnell built between 1940-1969 ( 29.95%). A lesser amount of the housing stock also hails from before 1939 ( 29.84%). There's also some housing in Grinnell built between 2000 and later ( 7.20%).

Grinnell Home Appreciation Rates

Appreciation rates for homes in Grinnell have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.21%, which ranks in the top 30% nationwide. This equates to an annual average Grinnell house appreciation rate of 1.16%.

NeighborhoodScout's data show that during the latest twelve months, Grinnell's appreciation rate, at 4.43%, has been at or slightly above the national average. In the latest quarter, Grinnell's appreciation rate has been 0.99%, which annualizes to a rate of 4.00%.

Relative to Iowa, our data show that Grinnell's latest annual appreciation rate is higher than 60% of the other cities and towns in Iowa.

Average Home Values

 

Median Home Value:
$167,623

Grinnell, IA HOME PRICES

Value Range
> $1,091,000 0.3
$818,001 - $1,091,000 0.0
$546,001 - $818,000 0.8
$436,001 - $546,000 0.6
$328,001 - $436,000 4.3
$218,001 - $328,000 10.7
$109,001 - $218,000 56.5
$54,001 - $109,000 19.3
$0 - $54,000 7.6

High for IA
Average for Nation

Value Relative to Nation Value Relative to State
42.5934606820579 24.1975308641975

Number Of Homes And Apartments:
3,462

Grinnell Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
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
39.39% 1.94% 4 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$834 / per month

Homeownership Rate

Homeownership
Owners 54.18
Renters 45.82
Vacant 8.00

Housing Market Details

 

Age of Homes

AGE OF Grinnell HOMES
2000 or Newer 7.2
1970 - 1999 33.0
1940 - 1969 29.9
1939 or Older 29.8

Types of Homes

TYPE OF Grinnell HOMES
Single-Family 66.0
Townhomes 4.5
Small Apt. Buildings 14.1
Apt. Complexes 13.3
Mobile Homes 2.1
Other 0.0

Home Size

SIZE OF Grinnell HOMES
No Bedroom 1.67
1 Bedroom 12.01
2 Bedrooms 25.78
3 Bedrooms 39.22
4 Bedrooms 16.69
5 or more bedrooms 4.62

Popular Neighborhoods in Grinnell

Popular Communities Near Grinnell, IA

Zip Codes in Grinnell, IA