Grandville, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Grandville Neighborhoods Since 2000




Grandville, MI Real Estate Data


Grandville Housing Market Information

With 15,953 people, 6,041 houses or apartments, and a median cost of homes of $176,334, 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 63.45% of the city's housing units. Other types of housing that are prevalent in Grandville include large apartment complexes or high rise apartments ( 18.17%), row houses and other attached homes ( 9.25%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.62%).

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 70.15% of Grandville's homes, and 59.30% 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 ( 28.77%). A lesser amount of the housing stock also hails from before 1939 ( 7.62%). There's also some housing in Grandville built between 2000 and later ( 2.93%).

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 7.15%, which ranks in the top 50% nationwide. This equates to an annual average Grandville house appreciation rate of 0.69%.

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 6.67%, which is higher than appreciation rates in 81.67% 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 3.58%, which equates to an annual appreciation rate of 15.13%.

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 90% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$176,334

Grandville, MI HOME PRICES

Value Range
> $1,281,000 0.0
$961,001 - $1,281,000 0.0
$640,001 - $961,000 0.0
$512,001 - $640,000 1.7
$385,001 - $512,000 2.0
$257,001 - $385,000 8.4
$128,001 - $257,000 70.0
$64,001 - $128,000 13.2
$0 - $64,000 4.7

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
40.4754933536335 24.3589743589744

Number Of Homes And Apartments:
6,041

Rent & Ownership

 

Average Market Rent:
$874 / per month

Homeownership Rate

Homeownership
Owners 70.15
Renters 29.85
Vacant 2.86

Housing Market Details

 

Age of Homes

AGE OF Grandville HOMES
2000 or Newer 2.9
1970 - 1999 60.7
1940 - 1969 28.8
1939 or Older 7.6

Types of Homes

TYPE OF Grandville HOMES
Single-Family 63.5
Townhomes 9.2
Small Apt. Buildings 8.6
Apt. Complexes 18.2
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Grandville HOMES
No Bedroom 0.23
1 Bedroom 7.48
2 Bedrooms 28.88
3 Bedrooms 40.84
4 Bedrooms 18.46
5 or more bedrooms 4.12

Grandville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
17.25% 0.94% 8 2
* 10 is highest