Houses in the city of Garden Grove, California have a median value of $594,965 - an increase of 8.0 percent within the past year. It is predicted that house values will increase by another 3.9 percent in the following year.
The median list cost per square foot in Garden Grove is $393. The metro area of Los Angeles-Long Beach-Anaheim has a higher per square foot list average of $422.
Houses are currently listed in Garden Grove at a median price of $600,000. Sale prices have been $577,400 median.
Rentals are at a median of $2,600 in Garden Grove. Los Angeles-Long Beach-Anaheim Metro rentals are higher at $3,000 per month.
The rate of foreclosures is a key factor influencing the value of houses. The higher the foreclosure rate for a particular location, the lower the value of houses in that area. For every 10,000 houses in Garden Grove, 1.0 houses go through foreclosure. The metro area of Los Angeles-Long Beach-Anaheim has a lower foreclosure rate of 0.9. The U.S. foreclosure rate is 1.6.
Mortgage delinquencies in Garden Grove are at 0.9 percent. The nation has a higher mortgage delinquency rate of 1.6 percent.
5.2 percent of homeowners in Garden Grove are underwater with their mortgages. This is less than the 5.6 underwater percentage in Los Angeles-Long Beach-Anaheim Metro.
The median household income in Garden Grove California is $59,360.