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 21,247 people, 7,731 houses or apartments, and a median cost of homes of $1,683,984, Granite Bay house prices are not only among the most expensive in California, Granite Bay real estate also is some of the most expensive in all of America.
Granite Bay is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Granite Bay than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Granite Bay. Owner-occupied housing accounts for 91.06% of Granite Bay's homes, and 73.98% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Granite Bay 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 Granite Bay built between 2000 and later ( 17.98%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.17%).
In the last 10 years, Granite Bay has experienced some of the highest home appreciation rates of any community in the nation. Granite Bay real estate appreciated 146.56% over the last ten years, which is an average annual home appreciation rate of 9.44%, putting Granite Bay in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Granite Bay 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 Granite Bay that despite a nationwide downturn in the housing market, Granite Bay real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Granite Bay appreciation rates continue to be some of the highest in America, at 40.78%, which is higher than appreciation rates in 99.84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Granite Bay. Granite Bay appreciation rates in the latest quarter were at 25.41%, which equates to an annual appreciation rate of 147.33%.
Importantly, this makes Granite Bay one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to California, our data show that Granite Bay's latest annual appreciation rate is higher than 90% of the other cities and towns in California.
$1,683,984
for California
for nation
7,731
$3,394 / per month