According to statistics, the population in Garden Grove, CA amounts to 174,812, which shows decline 0% compared to the previous year. The median age of the city’s residents is 38. The average household income is $62,675, shifting growth 4% from the past year, and the average property value in Garden Grove, CA growth 7% to $476,300 throughout the year.
|Number Of Employees||83,779|
|Median Property Value||$476,300|
The average household income in Garden Grove, CA grew from $60,522 to $62,675 in the past year. This data is an estimate based upon 47,536 households in Garden Grove, CA . The chart below presents how household income is distributed in Garden Grove, CA in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Garden Grove, CA shifted from $445,700 to $476,300 throughout the year. The subsequent graph indicates the share of properties in the given price range in Garden Grove, CA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Garden Grove, CA properties falls in the '$500,000 to $749,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Garden Grove, CA compared to median property taxes around the country. The prevalent amount of property taxes in Garden Grove, CA equals $3000, which is less than the national average.
|May||vs Last Month|
|4+ bed apartments||$989,614||-50.5%|
During May 2023, the average price for an apartment in/near Garden Grove, CA decreased by 28.1% to $838,247.
Knowing the current property prices is key if you plan to buy a studio in Garden Grove, CA. The average price for a studio has decreased since the last month, currently being $193,725. After collecting all data points, we now see that the average price for 1-bed apartment decreased by 2.5% to $425,000. Asking price for 2-bed apartment also decreased by 23.7% and a place of this size will now cost you $542,316. A 3-bed apartment goes for $921,837, it increased by 6.4% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 50.5% and made it down to $989,614.
|May||vs Last Month|
|Houses for sale||$1,009,791||-31.7%|
|Condos for sale||$587,907||+12.3%|
|Apartments for sale||$193,725||-6.7%|
The average cost of an apartment in Garden Grove, CA decreased by 6.7% to $193,725. Price reports demonstrate that house price decreased by 31.7% this month making it up to $1,009,791. Condos are really in demand in this season. The median price for a condo increased by 12.3%, it’s now available for $587,907.