Granite Bay, CA is an affluent area located in Placer County, about 20 miles northeast of Sacramento. The median home value here is quite high compared to the US median, standing at $1,022,500. Over the past year, house prices have appreciated by 2.35%, which is much lower than the national average of 8.27%. This indicates that Granite Bay may be a slower market where prices are steadier than elsewhere. Additionally, this area has become increasingly popular due to its excellent public schools and proximity to recreational areas including Lake Tahoe and Folsom Lake. All these qualities make Granite Bay an attractive option for those who are looking for a place to settle down and raise their family.
The median home cost in Granite Bay is $1,022,500. Home appreciation the last 10 years has been 144.1%. Home Appreciation in Granite Bay is up 10.0%.
Average Age of Homes
- The median age of Granite Bay real estate is 32 years old
The Rental Market in Granite Bay
- Renters make up 10.2% of the Granite Bay population
- 1.1% of houses and apartments in Granite Bay, 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.