Grant, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Grant, MI Real Estate Data


Grant Housing Market Information

With 882 people, 385 houses or apartments, and a median cost of homes of $106,656, house prices in Grant are solidly below the national average.

Single-family detached homes are the single most common housing type in Grant, accounting for 48.46% of the city's housing units. Other types of housing that are prevalent in Grant include large apartment complexes or high rise apartments ( 26.24%), duplexes, homes converted to apartments or other small apartment buildings ( 13.48%), and a few mobile homes or trailers ( 6.62%).

People in Grant primarily live in small (one, two or no bedroom) single-family detached homes. Grant has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Grant 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 Grant built between 1940-1969 ( 22.93%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.99%). There's also some housing in Grant built before 1939 ( 17.49%).

Grant Home Appreciation Rates

Grant's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Grant during the period has been just -1.14%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Grant's appreciation rate, at 5.08%, has been at or slightly above the national average. In the latest quarter, Grant's appreciation rate has been 0.65%, which annualizes to a rate of 2.62%.

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

Average Home Values

 

Median Home Value:
$106,656

Grant, MI HOME PRICES

Value Range
> $1,104,000 0.4
$828,001 - $1,104,000 0.3
$552,001 - $828,000 0.2
$441,001 - $552,000 1.3
$331,001 - $441,000 6.8
$221,001 - $331,000 11.2
$110,001 - $221,000 33.4
$55,001 - $110,000 28.3
$0 - $55,000 18.1

Low for MI
Low for Nation

Value Relative to Nation Value Relative to State
73.2567678424939 69.7115384615385

Number Of Homes And Apartments:
385

Rent & Ownership

 

Average Market Rent:
$749 / per month

Homeownership Rate

Homeownership
Owners 48.78
Renters 51.22
Vacant 8.98

Housing Market Details

 

Age of Homes

AGE OF Grant HOMES
2000 or Newer 22.0
1970 - 1999 37.6
1940 - 1969 22.9
1939 or Older 17.5

Types of Homes

TYPE OF Grant HOMES
Single-Family 48.5
Townhomes 5.2
Small Apt. Buildings 13.5
Apt. Complexes 26.2
Mobile Homes 6.6
Other 0.0

Home Size

SIZE OF Grant HOMES
No Bedroom 3.78
1 Bedroom 19.62
2 Bedrooms 38.53
3 Bedrooms 30.26
4 Bedrooms 6.38
5 or more bedrooms 1.42

Grant Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
3.97% 0.23% 5 1
* 10 is highest

Popular Neighborhoods in Grant

Zip Codes in Grant, MI