Grand Terrace, California Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Grand Terrace, California rental market.
Grand Terrace, California
Average Apartment Rent
$2,063
Y-o-Y Change in Average
Apartment Rent
-4%
As of November 2024
Compared to a year ago, Grand Terrace, California apartments have recorded a -4% rent decrease.
Grand Terrace, California Average apartment rent trend
Grand Terrace, California Average Apartment Rent
Grand Terrace, California Apartment rent ranges
At 53.83%, apartments priced Over $2,000 represent the bulk of Grand Terrace, California rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 46.17%.
Grand Terrace, California Housing tenure**
Renters take up 36% of Grand Terrace, California real estate, occupying a total of 1,690 units, while homeowners live in 2,962 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$73,373
Average household size of renter-occupied housing units**
2.4
Rental vacancy rate**
8.5%
Grand Terrace, California Renter-occupied housing units by no. of bedrooms**
There are 707 rentals in Grand Terrace, California with 2 beds making up the highest share of the market, at 42%. Units with No bedrooms, on the other hand, hold the lowest percentage (7%), amounting to 120 units. Overall, the median number of rooms in Grand Terrace, California homes for rent is 4.
Grand Terrace, California Renter-occupied units by age of householder**
Most condos for rent in Grand Terrace, California are occupied by residents in the 45 - 54 years age group (28%), followed by those in the 35 - 44 years age group (22%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 3%.
Grand Terrace, California Renter-occupied housing units by family type**
Grand Terrace, California Renter-occupied housing units by the presence of own children**
A total of 931 apartments for rent in Grand Terrace, California, or 55% of all rentals are family households. Additionally, 27% of rental homes include children under the age of 18 – that’s 457 units. All in all, the median size of a renter-occupied household in Grand Terrace, California is 2.4.
Grand Terrace, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 27% of the rental market. In contrast, residents with less than a high school degree reside in 22% of the homes for rent in Grand Terrace, California.
Grand Terrace, California Renter-occupied units by year structure built**
The highest share of Grand Terrace, California apartment rentals, namely 28% or 471 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (21%, 363 units), and the ones Built 1960 - 1969 (14%, 235 units).
Grand Terrace, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Grand Terrace, California renters (51%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Grand Terrace, California condos for rent is 2016.
Grand Terrace, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 47% of Grand Terrace, California renters have 2 vehicles available per household, 35% of them have 1 vehicle available, and 8% have No vehicle available.
Grand Terrace, California Means of transportation to work of householders living in renter-occupied housing units**
Grand Terrace, California Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Grand Terrace, California apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
