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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Grand Terrace, CA Real Estate Market

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 Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Grand Terrace, CA Housing Market Trends

With a population of 13,109, 4,652 total housing units (homes and apartments), and a median house value of $625,338, real estate costs in Grand Terrace are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in Grand Terrace, accounting for 59.02% of the city's housing units. Other types of housing that are prevalent in Grand Terrace include large apartment complexes or high rise apartments ( 19.34%), mobile homes or trailers ( 7.46%), and a few row houses and other attached homes ( 7.16%).

The most prevalent building size and type in Grand Terrace are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.72% owning and 37.28% renting.

There is a lot of housing in Grand Terrace 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 Grand Terrace built between 1940-1969 ( 34.61%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.38%).

Grand Terrace Home Appreciation Rates

In the last 10 years, Grand Terrace has experienced some of the highest home appreciation rates of any community in the nation. Grand Terrace real estate appreciated 117.66% over the last ten years, which is an average annual home appreciation rate of 8.09%, putting Grand Terrace in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Grand Terrace 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 Grand Terrace that despite a nationwide downturn in the housing market, Grand Terrace real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Grand Terrace appreciation rates continue to be some of the highest in America, at 8.33%, which is higher than appreciation rates in 73.64% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Grand Terrace. Grand Terrace appreciation rates in the latest quarter were at 2.37%, which equates to an annual appreciation rate of 9.83%.

Relative to California, our data show that Grand Terrace's latest annual appreciation rate is higher than 70% of the other cities and towns in California.

Average Home Values

Median Home Value

$625,338

Grand Terrace, CA Home Prices
> $1,412,000
$1,059,001 - $1,412,000
$706,001 - $1,059,000
$565,001 - $706,000
$424,001 - $565,000
$282,001 - $424,000
$141,001 - $282,000
$71,001 - $141,000
$0 - $71,000
0.9%
0.9%
1.9%
1.9%
20.8%
20.8%
46.9%
46.9%
10.9%
10.9%
10.4%
10.4%
4.7%
4.7%
1.9%
1.9%
1.7%
1.7%
0% 100.0%
% of Homes
Average

for California

Very High

for nation

Number of Homes And Apartments:

4,652

Grand Terrace Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,002 / per month

Homeownership Rate

Owners
Renters
62.7%
62.7%
37.3%
37.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.5%
6.5%
93.5%
93.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.4%
10.4%
54.3%
54.3%
34.6%
34.6%
0.8%
0.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
59.0%
59.0%
7.2%
7.2%
7.0%
7.0%
19.3%
19.3%
7.5%
7.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.4%
2.4%
9.1%
9.1%
26.7%
26.7%
36.0%
36.0%
24.6%
24.6%
1.2%
1.2%
0% 100.0%
% of Homes

Popular Neighborhoods in Grand Terrace

Zip Codes in Grand Terrace, CA