GRAND ISLAND HOUSING MARKET INFORMATION With a population of 21,445, 8,874 total housing units (homes and apartments), and a median house value of $397,101, Grand Island real estate prices are well above average cost compared to national prices. Single-family detached homes are the single most common housing type in Grand Island, accounting for 75.73% of the town's housing units. Other types of housing that are prevalent in Grand Island include large apartment complexes or high rise apartments ( 14.05%), duplexes, homes converted to apartments or other small apartment buildings ( 6.47%), and a few row houses and other attached homes ( 3.74%). Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Grand Island. Owner-occupied housing accounts for 78.86% of Grand Island's homes, and 65.32% have either three or four bedrooms, which is average sized relative to America. There is a lot of housing in Grand Island 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 Grand Island built between 1940-1969 ( 36.49%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.92%). There's also some housing in Grand Island built before 1939 ( 3.18%). GRAND ISLAND HOME APPRECIATION RATES Appreciation rates for homes in Grand Island 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 99.98%, which ranks in the top 40% nationwide. This equates to an annual average Grand Island house appreciation rate of 7.18%. 蘑菇视频's data show that during the latest twelve months, Grand Island's appreciation rate, at 8.25%, has been at or slightly above the national average. In the latest quarter, Grand Island's appreciation rate has been 2.65%, which annualizes to a rate of 11.03%. Importantly, this makes Grand Island one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength. Relative to New York, our data show that Grand Island's latest annual appreciation rate is lower than 80% of the other cities and towns in New York.