There are currently 46,864 real estate properties in Grand Prairie, TX, with a median automated valuation model (AVM) price of $272,900.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Grand Prairie, TX, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Grand Prairie, TX, is $282,838.00, with the most expensive house in Grand Prairie, TX, topping out at $1,616,300.00 and the cheapest home in Grand Prairie, TX, clocking in at $40,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Grand Prairie, TX!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Grand Prairie, TX, is on a rollercoaster ride. The average rent price in Grand Prairie, TX, is $1,565.00. Indeed, when looking to rent in Grand Prairie, TX, you can expect to pay as little as $580.00 or as much as $4,620.00, with the average rent median estimated to be $1,510.00. The good news is that finding an affordable and desirable property to rent in Grand Prairie, TX -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Grand Prairie, TX area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Grand Prairie, TX and much more. Save thousands at closing with home foreclosure listings in Grand Prairie, TX — up to 75% off market value!
Grand Prairie is located in Dallas, Texas, with an estimated municipal population of 194,543 residents. All of the best foreclosed homes for sale in Grand Prairie are located in the following zip code areas on Foreclosure.com: 75052 75050 75051 75054 75053 75265. The estimated population per square kilometer (.62 miles) in Grand Prairie is 1,039.
So, about how much do homes cost in Grand Prairie? The most recent median value of resident-owned homes in Grand Prairie is 159,396. An estimated 62.7 percent of households in Grand Prairie own their homes, with an average family size of 3.66. The median household income in Grand Prairie is 67,388, with28.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Grand Prairie, the median commute time of resident workers (in minutes) is 29.1. And last, but certainly not least, are you looking for homes to rent in Grand Prairie? If so, the average rent price paid by renters in Grand Prairie is 1,091, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Grand Prairie, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Grand Prairie is 33.4, split between 48.8 percent male versus 51.2 female. The percentage of residents who report being married in Grand Prairie is 49.8, with an average family size of 3.66.
The percentage of residents who report their race in Grand Prairie is as follows:
|Black / African American||22.7%|
|American Indian / Alaskan Native||0.3%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near Grand Prairie? Or maybe you are searching for 55+ active adult communities in and/or near Grand Prairie?
The percentage of residents who report their age in Grand Prairie is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Grand Prairie with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Grand Prairie.
How do you know that living in -- or moving to -- Grand Prairie is right where you need to be? Perhaps you grew up in Grand Prairie or already live nearby; therefore, the decision to buy a home in Grand Prairie is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Grand Prairie for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Grand Prairie:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Grand Prairie.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Grand Prairie can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Grand Prairie, meanwhile, can field multiple offers from more qualified buyers.
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