January's First-Time Homebuyer Report for Grand Terrace

Grand Terrace is a city in California. It's affluent and the cost of living is less expensive compared to the rest of the state, with a median income of $66,339 per household and cost of living adjustment score of 111.9. Grand Terrace is made up of homes that are relatively old with a median of 32 years. Topping the list of best schools in the city is Terrace View Elementary School.

Price Range

Homes in Grand Terrace are worth a median of $189,700, similar to other parts of California. Additionally, the list prices of available homes is currently at an average of $327,555. The Grand Terrace market pulled back with a 25.0% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 11.2 monthly average with nine homes sold.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Grand Terrace:

$299K   $375K   $575K  

Typical Dwelling

The typical dwelling in Grand Terrace is a three-bedroom detached home worth about $331,605. To purchase a similar home, a buyer with good credit and a $66,321 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,487 monthly payment. The property tax rate is $9.16 per $1,000 of taxable assessed value.

Get started right now by checking out Grand Terrace homes for sale or reviewing Grand Terrace real estate trends.


Data reported through 1/12/2017

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Ask a local expert about this area:
Ipro Real Estate
Snapped 9 homes in this area
Keller Williiams Realty
Snapped 5 homes in this area
Century 21 Town & Country
Snapped 1 home in this area

Agents that specialize in this area
4 snaps in this area
50 snaps in this area
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