Grand Terrace, CA is a desirable location for property buyers with the median house value at $492,000. This is much higher than the national median average of $338,100 and reflects strong demand in the area. Furthermore, over the last year housing appreciation in Grand Terrace has increased by 10.27%, which is greater than the US average of 8.27%. As such it looks to be a good time to buy a home in Grand Terrace as prices are likely to continue rising due to continued high demand.
The median home cost in Grand Terrace is $492,000. Home appreciation the last 10 years has been 189.0%. Home Appreciation in Grand Terrace is up 16.6%.
Average Age of Homes
- The median age of Grand Terrace real estate is 39 years old
The Rental Market in Grand Terrace
- Renters make up 36.1% of the Grand Terrace population
- 3.4% of houses and apartments in Grand Terrace, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.