Explore US City Grand Prairie, TX - Market Insights, Demographics, Crime, Trends & Hotspots
Market Insights
With only 2.6 months of inventory, Grand Prairie remains a seller's market. The median home price of $352,500 represents a moderate 5.1% increase from this time last year. With 2.6 months of supply, Grand Prairie's inventory levels remain relatively tight. Homes are taking about 33 days to sell, which is 2 days longer than this time last year. A significant 37.9% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 26.9% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Grand Prairie market with the affordability index at 17.7. Looking ahead, the Grand Prairie market is expected to maintain its current trajectory with relatively stable conditions.
Demographics market for - Grand Prairie, TX
Total Population -
247,535
Grand Prairie, TX has a total population of 355,184 residents. with a significant Hispanic/Latino community (24.4%). The African American population is 11.6%. with Asian residents representing 3.2%. This creates a relatively diverse demographic makeup for the area. As a large population center, Grand Prairie, TX offers diverse community resources and amenities.
White Race
42%
African American Race
17%
Crime for City - Grand Prairie, TX
Crime analysis for Grand Prairie, TX shows 1,124 total incidents across all categories. The most prevalent crime type is Assault (58.8% of all incidents). This is followed by Property Crime at 33.2%. The overall crime rate in Grand Prairie, TX is relatively high, with violent crimes being more common than property crimes. Residents and visitors should remain aware of their surroundings and take appropriate safety precautions.
Real Estate Market Prediction for - Grand Prairie, TX
Market predictions for Grand Prairie, TX show an upward trend in home prices, with values increasing by 9.4%. This indicates a moderate but notable price trend. The current median home price in Grand Prairie, TX is approximately $394,283.147. Based on current trends, home prices in Grand Prairie, TX are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
City Hotspots Map
Grand Prairie, TX features 6 investment hotspots with varying levels of activity. The low average nightly rate of $96 indicates a budget-friendly market. The average rating of 3.7/5 indicates moderate guest satisfaction. With an average hotspot score of 0.70, these areas show good investment opportunities. The area features 34 hotels, offering limited but growing accommodation options.
Average Price:
$71
Max Price:
$79.9
Average Rating:
3
Location Average Score:
1
Number Of Hotels:
11
Nearby Cities From- Grand Prairie, TX
Irving, TX
Cedar Hill, TX
Mansfield, TX
Fort Worth, TX
Midlothian, TX
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