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 2,776, 1,159 total housing units (homes and apartments), and a median house value of $345,844, Grandy real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Grandy, accounting for 73.84% of the town's housing units. Other types of housing that are prevalent in Grandy include mobile homes or trailers ( 20.69%), large apartment complexes or high rise apartments ( 3.45%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Grandy. Owner-occupied housing accounts for 76.99% of Grandy's homes, and 70.02% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Grandy 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 Grandy built between 2000 and later ( 37.86%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.37%). There's also some housing in Grandy built before 1939 ( 2.85%).
Vacant housing appears to be an issue in Grandy. Fully 13.12% of the housing stock is classified as vacant. Left unchecked, vacant Grandy homes and apartments can be a drag on the real estate market, holding Grandy real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Grandy's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.64% during the period.
Appreciation rates are so strong in Grandy that despite a nationwide downturn in the housing market, Grandy real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Grandy appreciation rates continue to be some of the highest in America, at 7.71%, which is higher than appreciation rates in 80.40% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Grandy. Grandy appreciation rates in the latest quarter were at -0.39%, which equates to an annual appreciation rate of -1.56%.
Relative to North Carolina, our data show that Grandy's latest annual appreciation rate is higher than 80% of the other cities and towns in North Carolina.
$345,844
for North carolina
for nation
1,159
$2,078 / per month