Grandview, MO Real Estate Market

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 Q3 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Grandview, MO Housing Market Trends

With a population of 26,209, 10,071 total housing units (homes and apartments), and a median house value of $161,497, house prices in Grandview are solidly below the national average.

Single-family detached homes are the single most common housing type in Grandview, accounting for 56.40% of the city's housing units. Other types of housing that are prevalent in Grandview include large apartment complexes or high rise apartments ( 27.97%), duplexes, homes converted to apartments or other small apartment buildings ( 8.71%), and a few row houses and other attached homes ( 6.71%).

The most prevalent building size and type in Grandview are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.76% owning and 51.24% renting.

There is a lot of housing in Grandview 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 Grandview built between 1940-1969 ( 35.21%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.19%). There's also some housing in Grandview built before 1939 ( 3.15%).

Grandview Home Appreciation Rates

In the last 10 years, Grandview has experienced some of the highest home appreciation rates of any community in the nation. Grandview real estate appreciated 82.73% over the last ten years, which is an average annual home appreciation rate of 6.21%, putting Grandview in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Grandview definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Grandview that despite a nationwide downturn in the housing market, Grandview real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Grandview appreciation rates continue to be some of the highest in America, at 16.79%, which is higher than appreciation rates in 84.36% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Grandview. Grandview appreciation rates in the latest quarter were at 6.47%, which equates to an annual appreciation rate of 28.52%.

Importantly, this makes Grandview 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 Missouri, our data show that Grandview's latest annual appreciation rate is higher than 90% of the other cities and towns in Missouri.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Grandview differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Grandview - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Grandview real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$161,497

Grandview, MO HOME PRICES

> $1,470,000
0.2%
0.2%
$1,103,001 - $1,470,000
0.3%
0.3%
$735,001 - $1,103,000
0.3%
0.3%
$588,001 - $735,000
0.1%
0.1%
$441,001 - $588,000
1.1%
1.1%
$294,001 - $441,000
3.2%
3.2%
$147,001 - $294,000
46.9%
46.9%
$74,001 - $147,000
42.3%
42.3%
$0 - $74,000
5.6%
5.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for MO

Value Relative To Nation

Number Of Homes And Apartments:
10,071

Grandview Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
Compared To
America*
Latest Quarter:
2021 Q2 - 2021 Q3
Last 12 Months:
2020 Q3 - 2021 Q3
Last 2 Years:
2019 Q3 - 2021 Q3
Last 5 Years:
2016 Q3 - 2021 Q3
Last 10 Years:
2011 Q3 - 2021 Q3
Since 2000:
2000 Q1 - 2021 Q3
90.78% 3.01%
7
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,312 / per month

Homeownership Rate

Owners
48.8%
48.8%
Renters
51.2%
51.2%
Vacant
8.8%
8.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
8.2%
8.2%
1970 - 1999
53.4%
53.4%
1940 - 1969
35.2%
35.2%
1939 or Older
3.2%
3.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
56.4%
56.4%
Townhomes
6.7%
6.7%
Small Apt. Buildings
8.7%
8.7%
Apt. Complexes
28.0%
28.0%
Mobile Homes
0.2%
0.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.6%
1.6%
1 Bedroom
14.5%
14.5%
2 Bedrooms
27.7%
27.7%
3 Bedrooms
39.4%
39.4%
4 Bedrooms
13.9%
13.9%
5 or more bedrooms
2.9%
2.9%
0.0% 100.0%
% OF HOMES