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 39,079, 16,474 total housing units (homes and apartments), and a median house value of $433,758, Grants Pass real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Grants Pass, accounting for 67.90% of the city's housing units. Other types of housing that are prevalent in Grants Pass include duplexes, homes converted to apartments or other small apartment buildings ( 10.18%), large apartment complexes or high rise apartments ( 9.52%), and a few row houses and other attached homes ( 6.16%).
The most prevalent building size and type in Grants Pass are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.55% owning and 46.45% renting.
There is a lot of housing in Grants Pass 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 Grants Pass built between 2000 and later ( 25.99%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.66%). There's also some housing in Grants Pass built before 1939 ( 9.74%).
In the last 10 years, Grants Pass has experienced some of the highest home appreciation rates of any community in the nation. Grants Pass real estate appreciated 136.04% over the last ten years, which is an average annual home appreciation rate of 8.97%, putting Grants Pass in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Grants Pass definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Grants Pass's appreciation rate, at 8.45%, has been at or slightly above the national average. In the latest quarter, Grants Pass's appreciation rate has been 4.33%, which annualizes to a rate of 18.46%.
Relative to Oregon, our data show that Grants Pass's latest annual appreciation rate is higher than 90% of the other cities and towns in Oregon.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Grants Pass differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Grants Pass - 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 Grants Pass real estate investment or home purchase decisions.
$433,758
for Oregon
for nation
16,474
$1,502 / per month