Grant, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Grant Neighborhoods Since 2000




Grant, 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

Grant Housing Market Information

With a population of 882, 385 total housing units (homes and apartments), and a median house value of $107,335, 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 -1.07%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Grant's appreciation rate, at 4.78%, has been at or slightly above the national average. In the latest quarter, Grant's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$107,335

Grant, MI HOME PRICES

Value Range
> $1,110,000 0.4
$833,001 - $1,110,000 0.3
$555,001 - $833,000 0.2
$445,001 - $555,000 1.3
$333,001 - $445,000 6.8
$222,001 - $333,000 11.2
$111,001 - $222,000 33.4
$56,001 - $111,000 28.3
$0 - $56,000 18.1

Low for MI
Low for Nation

Value Relative to Nation Value Relative to State
72.9344896285011 69.7115384615385

Number Of Homes And Apartments:
385

Grant 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
4.43% 0.25% 5 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$784 / 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

Popular Neighborhoods in Grant

Zip Codes in Grant, MI