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 about Scout's Real Estate Data
With a population of 25,610, 11,159 total housing units (homes and apartments), and a median house value of $216,681, house prices in Grandview are solidly below the national average.
Single-family detached homes are the single most common housing type in Grandview, accounting for 58.86% of the city's housing units. Other types of housing that are prevalent in Grandview include large apartment complexes or high rise apartments ( 24.60%), row houses and other attached homes ( 9.24%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.30%).
The most prevalent building size and type in Grandview are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 49.62% owning and 50.38% renting.
There is a lot of housing in Grandview 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 Grandview built between 1940-1969 ( 38.24%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.70%). There's also some housing in Grandview built before 1939 ( 2.61%).
In the last 10 years, Grandview has experienced some of the highest home appreciation rates of any community in the nation. Grandview real estate appreciated 136.76% over the last ten years, which is an average annual home appreciation rate of 9.00%, putting Grandview in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Grandview definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Grandview appreciation rates have trailed the rest of the nation. In the last twelve months, Grandview's appreciation rate has been 4.68%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Grandview were at 2.29%, which equates to an annual appreciation rate of 9.46%.
Relative to Missouri, our data show that Grandview's latest annual appreciation rate is higher than 60% of the other cities and towns in Missouri.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Grandview differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Grandview - 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 Grandview real estate investment or home purchase decisions.
$216,681
for Missouri
for nation
11,159
$1,437 / per month