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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 37,088, 14,779 total housing units (homes and apartments), and a median house value of $221,530, Grants Pass real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Grants Pass, accounting for 66.31% of the city's housing units. Other types of housing that are prevalent in Grants Pass include large apartment complexes or high rise apartments ( 12.86%), duplexes, homes converted to apartments or other small apartment buildings ( 10.37%), and a few row houses and other attached homes ( 5.30%).
The most prevalent building size and type in Grants Pass are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.26% owning and 49.74% renting.
There is a lot of housing in Grants Pass 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 Grants Pass built between 1940-1969 ( 24.64%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.52%). There's also some housing in Grants Pass built before 1939 ( 6.70%).
Grants Pass's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Grants Pass during the period has been just -1.97%, which is lower than 80% of US communities.
Appreciation rates are so strong in Grants Pass that despite a nationwide downturn in the housing market, Grants Pass real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Grants Pass appreciation rates continue to be some of the highest in America, at 12.84%, which is higher than appreciation rates in 98.31% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Grants Pass. Grants Pass appreciation rates in the latest quarter were at 1.72%, which equates to an annual appreciation rate of 7.05%.
Importantly, this makes Grants Pass 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 Oregon, our data show that Grants Pass's latest annual appreciation rate is higher than 90% of the other cities and towns in Oregon.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Grants Pass differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Grants Pass - 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 Grants Pass real estate investment or home purchase decisions.
|$950,001 - $1,268,000||0.6|
|$634,001 - $950,000||1.2|
|$507,001 - $634,000||3.0|
|$381,001 - $507,000||9.5|
|$253,001 - $381,000||24.6|
|$127,001 - $253,000||44.3|
|$63,001 - $127,000||6.9|
|$0 - $63,000||9.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Grants Pass HOMES|
|2000 or Newer||20.5|
|1970 - 1999||48.1|
|1940 - 1969||24.6|
|1939 or Older||6.7|
|TYPE OF Grants Pass HOMES|
|Small Apt. Buildings||10.4|
|SIZE OF Grants Pass HOMES|
|5 or more bedrooms||1.81|