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 1,475 people, 723 houses or apartments, and a median cost of homes of $138,212, house prices in Grapeland are some of the most affordable in Texas as well as the nation.
Single-family detached homes are the single most common housing type in Grapeland, accounting for 64.29% of the city's housing units. Other types of housing that are prevalent in Grapeland include mobile homes or trailers ( 24.11%), duplexes, homes converted to apartments or other small apartment buildings ( 8.15%), and a few large apartment complexes or high rise apartments ( 2.90%).
The most prevalent building size and type in Grapeland are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.76% owning and 49.24% renting.
There is a lot of housing in Grapeland 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 Grapeland built between 2000 and later ( 25.45%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.98%). There's also some housing in Grapeland built before 1939 ( 9.26%).
Vacant housing appears to be an issue in Grapeland. Fully 19.31% of the housing stock is classified as vacant. Left unchecked, vacant Grapeland homes and apartments can be a drag on the real estate market, holding Grapeland 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.
Appreciation rates for homes in Grapeland have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.25%, which ranks in the top 50% nationwide. This equates to an annual average Grapeland house appreciation rate of 6.75%.
Over the last year, Grapeland appreciation rates have trailed the rest of the nation. In the last twelve months, Grapeland's appreciation rate has been 4.30%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Grapeland were at 1.51%, which equates to an annual appreciation rate of 6.17%.
Relative to Texas, our data show that Grapeland's latest annual appreciation rate is lower than 50% of the other cities and towns in Texas.
$138,212
for Texas
for nation
723
$1,480 / per month