Much like the surrounding areas, it's significantly more expensive compared to the entire nation. Compared to the city of Los Angeles however, it's substantially less expensive.
Home prices
The median home in Grand Terrace is valued at $324,400. This is approximately $13,120 (3%) lower in comparison to the surrounding areas.It is approximately $106,900 (49%) higher in comparison to the entire nation, and it is approximately $312,500 (49%) lower in comparison to the city of Los Angeles.
Rents
Grand Terrace's median monthly rent is $1,405. This is about $167 (13%) higher in comparison to other places in this area.In comparison to the rest of the country it is about $343 (32%) higher, and it is about $45 (3%) lower in comparison to the city of Los Angeles.
Nearby places
Highgrove
Highgrove is Grand Terrace's neighbor to the south. Its real estate prices are a little more expensive. The median home price in Highgrove is $402,000, which is $77,600 (19%) higher than Grand Terrace. Rent there is somewhat less expensive. Highgrove's median monthly rent is $1,095, which comes out to $310 (28%) lower than Grand Terrace.
Colton
Colton is Grand Terrace's neighbor to the north. Its housing prices are somewhat less expensive. The value of the median home in Colton is $257,500, which works out to $66,900 (25%) lower than Grand Terrace. The rent there is a little less expensive. In Colton the median rent is $1,189 a month, which works out to $216 (18%) lower than Grand Terrace.
Loma Linda
Loma Linda is about 3 miles east from Grand Terrace. Its housing prices are somewhat more expensive. Loma Linda's median home cost is $367,400, which comes out to $43,000 (11%) higher than Grand Terrace. Its rents are somewhat less expensive. The median rent in Loma Linda is $1,338 a month, which works out to $67 (5%) lower than Grand Terrace.
Bloomington
Bloomington is roughly 4 miles northwest from Grand Terrace. The real estate prices there are a little less expensive. The median home in Bloomington costs $270,000, which comes out to $54,400 (20%) lower than Grand Terrace. Its rents are somewhat less expensive. In Bloomington the median monthly rent is $1,240, which comes out to $165 (13%) lower than Grand Terrace.
Redlands
Redlands is roughly 7 miles east from Grand Terrace. Housing prices there are a little more expensive. The price of the median home in Redlands is $390,700, which works out to $66,300 (16%) higher than Grand Terrace. The rent there is a bit less expensive. The median monthly rent in Redlands is $1,326, which comes out to $79 (5%) lower than Grand Terrace.
