GARDEN GROVE HOUSING MARKET INFORMATION With 168,234 people, 48,650 houses or apartments, and a median cost of homes of $941,769, real estate costs in Garden Grove are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities. Single-family detached homes are the single most common housing type in Garden Grove, accounting for 55.09% of the city's housing units. Other types of housing that are prevalent in Garden Grove include large apartment complexes or high rise apartments ( 24.28%), row houses and other attached homes ( 8.92%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.95%). The most prevalent building size and type in Garden Grove are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.72% owning and 47.28% renting. At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Garden Grove's housing was primarily built during this period, from the '40s through the '60s. A full 60.35% of the city's housing hails from this era. Other housing ages represented in Garden Grove include homes built between 1970-1999 ( 31.68%) and housing constructed between 2000 and later ( 6.55%). There's also some housing in Garden Grove built before 1939 ( 1.43%). GARDEN GROVE HOME APPRECIATION RATES Appreciation rates for homes in Garden Grove have been tracking above average for the last ten years, according to 蘑菇视频 data. The cumulative appreciation rate over the ten years has been 102.61%, which ranks in the top 40% nationwide. This equates to an annual average Garden Grove house appreciation rate of 7.32%. 蘑菇视频's data show that during the latest twelve months, Garden Grove's appreciation rate, at 8.45%, has been at or slightly above the national average. In the latest quarter, Garden Grove's appreciation rate has been 1.60%, which annualizes to a rate of 6.54%. Relative to California, our data show that Garden Grove's latest annual appreciation rate is higher than 80% of the other cities and towns in California. One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Garden Grove differ in their investment potential, sometimes by a great deal. Fortunately, you can use 蘑菇视频 to pinpoint the exact neighborhoods in Garden Grove - 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 Garden Grove real estate investment or home purchase decisions.