Grandville, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Grandville Neighborhoods Since 2000




Grandville, MI 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

Grandville Housing Market Information

With a population of 15,953, 6,149 total housing units (homes and apartments), and a median house value of $164,048, Grandville 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 Grandville, accounting for 66.66% of the city's housing units. Other types of housing that are prevalent in Grandville include large apartment complexes or high rise apartments ( 17.38%), row houses and other attached homes ( 8.83%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.13%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Grandville. Owner-occupied housing accounts for 70.72% of Grandville's homes, and 59.03% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Grandville 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 Grandville built between 1940-1969 ( 29.58%). A lesser amount of the housing stock also hails from before 1939 ( 7.89%). There's also some housing in Grandville built between 2000 and later ( 3.13%).

Grandville Home Appreciation Rates

Appreciation rates for homes in Grandville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.74%, which ranks in the top 30% nationwide. This equates to an annual average Grandville house appreciation rate of 1.03%.

Appreciation rates are so strong in Grandville that despite a nationwide downturn in the housing market, Grandville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Grandville appreciation rates continue to be some of the highest in America, at 9.11%, which is higher than appreciation rates in 91.10% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Grandville. Grandville appreciation rates in the latest quarter were at 3.68%, which equates to an annual appreciation rate of 15.57%.

Importantly, this makes Grandville one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Michigan, our data show that Grandville's latest annual appreciation rate is higher than 80% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$164,048

Grandville, MI HOME PRICES

Value Range
> $1,259,000 0.0
$945,001 - $1,259,000 0.0
$630,001 - $945,000 0.0
$504,001 - $630,000 2.0
$378,001 - $504,000 2.6
$252,001 - $378,000 8.1
$126,001 - $252,000 68.9
$63,001 - $126,000 14.3
$0 - $63,000 4.0

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
44.0407828430798 29.1666666666667

Number Of Homes And Apartments:
6,149

Grandville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
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
21.05% 1.11% 8 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$868 / per month

Homeownership Rate

Homeownership
Owners 70.72
Renters 29.28
Vacant 1.85

Housing Market Details

 

Age of Homes

AGE OF Grandville HOMES
2000 or Newer 3.1
1970 - 1999 59.4
1940 - 1969 29.6
1939 or Older 7.9

Types of Homes

TYPE OF Grandville HOMES
Single-Family 66.7
Townhomes 8.8
Small Apt. Buildings 7.1
Apt. Complexes 17.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Grandville HOMES
No Bedroom 0.00
1 Bedroom 8.14
2 Bedrooms 28.06
3 Bedrooms 38.74
4 Bedrooms 20.29
5 or more bedrooms 4.77