Gridley, CA—95948
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gridley, CA
As of Nov '25, the median home price in Gridley, CA is $340,000, with a year-over-year change of 2.5%. This indicates that home prices in Gridley, CA are increasing. According to Zillow, the 1-year price projection is -1.7%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $340,000 | 2.5% |
| Single Family | $340,000 | 3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $256,000 | 2.4% |
3 Bed | $335,000 | 3.1% |
4 Bed | $425,000 | 2.7% |
| 5 Bed | $500,315 | 1.5% |
% of Housing Stock
Rental Trends — Gridley, CA
As of July '25, Rentcast reports the average rent in Gridley, CA is $1,690, with a year-over-year rent change of 0.6%. Per bedroom, the median rent as of July '25 in Gridley, CA is 1-bedrooms: $1,400, 2-bedrooms: $1,230, 3-bedrooms: $2,120, 4-bedrooms: $2,120. The most common rental property sizes in Gridley, CA are 2-bedroom and 3-bedroom, accounting for 31.2% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,690 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,400 | $1,400 |
| 2 Bed Rent | $1,150 | $1,230 |
| 3 Bed Rent | $2,000 | $2,120 |
| 4 Bed Rent | $1,950 | $2,120 |
% of Rental Stock
Property Listings — Gridley, CA
As of Nov '25, Realtor.com reports that the median days on market for a home in Gridley, CA is 78. This is a increase of 70.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $399,000 | 4.0% |
Listing Count | 31 | 8.0% |
| Listings as % of Homes | 0.5% | 8.0% |
Days on Market | 78 | 70.0% |
Demographics — Gridley, CA
As of the latest ACS Survey released in 2023, Gridley, CA has a population of 11,100, which has remained stable by -0.5% over the past 5 years. Gridley, CA is a popular place for families, as children make up 30.6% of the population. The area has a poorly educated workforce, with 18.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,100 | -0.5% |
% Under 18 | 30.6% | 12.9% |
% Seniors | 15.1% | -1.3% |
% WFH | 4.8% | -34.2% |
% w/ College Degree | 18.8% | 22.9% |
As of the latest ACS Survey released in 2023, Gridley, CA is a predominantly white area, with 59.0% of the population identifying as white. The white population has grown by 6.5% in the last 5 years. The second most common race or ethnicity in Gridley, CA is hispanic, making up 36.1% of the population. Foreign-born residents account for 14.5% of the population in Gridley, CA, and this percentage has decreased by 19.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 59.0% | 6.5% |
% Black | 0.1% | -87.5% |
% Hispanic | 36.1% | -6.2% |
% Asian | 1.5% | -40.0% |
% Foreign Born | 14.5% | -19.0% |
Mortgage and Risk — Gridley, CA
According to HUD data as of 2023, there were 92 mortgage originations in Gridley, CA, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Gridley, CA. Investor activity is low, as 2.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 92 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Rentals and Section 8 — Gridley, CA
As of 2024, the percent of homes in Gridley, CA under the Section 8 program is 6.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Gridley, CA, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 132 |
Total Units Section 8 | 83 |
% Rentals under Section 8 | 6.0% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$380 | $1,400 | $1,020 |
| 2 Bedroom | $170 | $1,150 | $1,320 |
| 3 Bedroom | -$140 | $2,000 | $1,860 |
| 4 Bedroom | $290 | $1,950 | $2,240 |
Affordability — Gridley, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $340,000 |
| Median Household Income | $60,800 |