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 9,386 people, 3,671 houses or apartments, and a median cost of homes of $198,525, Granbury real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Granbury, accounting for 51.83% of the city's housing units. Other types of housing that are prevalent in Granbury include large apartment complexes or high rise apartments ( 29.97%), duplexes, homes converted to apartments or other small apartment buildings ( 8.68%), and a few mobile homes or trailers ( 4.45%).
People in Granbury primarily live in small (one, two or no bedroom) single-family detached homes. Granbury has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Granbury 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 Granbury built between 2000 and later ( 31.02%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.00%). There's also some housing in Granbury built before 1939 ( 3.79%).
Vacant housing appears to be an issue in Granbury. Fully 16.59% of the housing stock is classified as vacant. Left unchecked, vacant Granbury homes and apartments can be a drag on the real estate market, holding Granbury real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Granbury has experienced some of the highest home appreciation rates of any community in the nation. Granbury real estate appreciated 31.08% over the last ten years, which is an average annual home appreciation rate of 2.74%, putting Granbury in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Granbury 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 Granbury that despite a nationwide downturn in the housing market, Granbury real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Granbury appreciation rates continue to be some of the highest in America, at 6.71%, which is higher than appreciation rates in 79.36% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Granbury. Granbury appreciation rates in the latest quarter were at 2.35%, which equates to an annual appreciation rate of 9.75%.
Importantly, this makes Granbury 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 Texas, our data show that Granbury's latest annual appreciation rate is higher than 60% of the other cities and towns in Texas.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Granbury differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Granbury - 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 Granbury real estate investment or home purchase decisions.
|$888,001 - $1,183,000||1.2|
|$592,001 - $888,000||2.8|
|$473,001 - $592,000||7.2|
|$355,001 - $473,000||9.6|
|$237,001 - $355,000||13.7|
|$118,001 - $237,000||30.2|
|$59,001 - $118,000||24.3|
|$0 - $59,000||10.5|
|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 Granbury HOMES|
|2000 or Newer||31.0|
|1970 - 1999||50.2|
|1940 - 1969||15.0|
|1939 or Older||3.8|
|TYPE OF Granbury HOMES|
|Small Apt. Buildings||8.7|
|SIZE OF Granbury HOMES|
|5 or more bedrooms||0.68|