Grapevine, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Grapevine Neighborhoods Since 2000




Grapevine, TX 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

Grapevine Housing Market Information

With a population of 51,404, 19,366 total housing units (homes and apartments), and a median house value of $282,110, Grapevine real estate is some of the most expensive in Texas, although Grapevine home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Grapevine, accounting for 56.60% of the city's housing units. Other types of housing that are prevalent in Grapevine include large apartment complexes or high rise apartments ( 30.33%), duplexes, homes converted to apartments or other small apartment buildings ( 4.42%), and a few mobile homes or trailers ( 4.41%).

The most prevalent building size and type in Grapevine are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.66% owning and 43.34% renting.

There is a lot of housing in Grapevine 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 Grapevine built between 2000 and later ( 19.78%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.12%). There's also some housing in Grapevine built before 1939 ( 1.23%).

Grapevine Home Appreciation Rates

In the last 10 years, Grapevine has experienced some of the highest home appreciation rates of any community in the nation. Grapevine real estate appreciated 47.28% over the last ten years, which is an average annual home appreciation rate of 3.95%, putting Grapevine in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Grapevine 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 Grapevine that despite a nationwide downturn in the housing market, Grapevine real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Grapevine appreciation rates continue to be some of the highest in America, at 9.01%, which is higher than appreciation rates in 90.77% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Grapevine. Grapevine appreciation rates in the latest quarter were at 2.35%, which equates to an annual appreciation rate of 9.75%.

Importantly, this makes Grapevine 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 Grapevine's latest annual appreciation rate is higher than 80% 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 Grapevine differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Grapevine - 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 Grapevine real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$282,110

Grapevine, TX HOME PRICES

Value Range
> $1,320,000 0.4
$990,001 - $1,320,000 0.3
$660,001 - $990,000 2.3
$528,001 - $660,000 5.8
$396,001 - $528,000 17.2
$264,001 - $396,000 35.6
$132,001 - $264,000 29.0
$66,001 - $132,000 2.5
$0 - $66,000 6.8

Very High for TX
Very High for Nation

Value Relative to Nation Value Relative to State
18.2175084964256 7.5875486381323

Number Of Homes And Apartments:
19,366

Grapevine Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
81.55% 3.52% 7 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,525 / per month

Homeownership Rate

Homeownership
Owners 56.66
Renters 43.34
Vacant 4.92

Housing Market Details

 

Age of Homes

AGE OF Grapevine HOMES
2000 or Newer 19.8
1970 - 1999 70.9
1940 - 1969 8.1
1939 or Older 1.2

Types of Homes

TYPE OF Grapevine HOMES
Single-Family 56.6
Townhomes 4.2
Small Apt. Buildings 4.4
Apt. Complexes 30.3
Mobile Homes 4.4
Other 0.0

Home Size

SIZE OF Grapevine HOMES
No Bedroom 1.15
1 Bedroom 18.27
2 Bedrooms 20.85
3 Bedrooms 34.47
4 Bedrooms 22.22
5 or more bedrooms 3.04