Grand Terrace, CA Real Estate
According to census data in the year 2000 there were 4,401 housing units in Grand Terrace.
This represents a 8.4% growth from 4,059 in 1990.
Of those housing units, 4,401 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Grand Terrace is about 65.5%.
Grand Terrace's vacancy rate, including seasonal lodging, is about 4.6%.
Average household size is 2.76 people.
The majority of houses, apartments or condos in Grand Terrace were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.20% |
| One Bedroom | 10.70% |
| Two Bedrooms | 22.40% |
| Three Bedrooms | 38% |
| Four Bedrooms | 22.90% |
| Five Bedrooms or more | 2.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.99 |
| Median year structure was built | 1971 |
| Median Value of occupied units | $142,600 |
| Median Price asked for vacant units | $154,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.31 |
| Median year structure was built | 1982 |
| Median Monthly Rent asked for vacant units | $651 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 14.30% |
| Home Equity Loan | 4.40% |
| Simple Mortgage | 62.90% |
| Debt Free | 18.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.4% |
