Grass Valley, CA—95949
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Grass Valley, CA
Home Price Trends — Grass Valley, CA
As of Nov '25, the median home price in Grass Valley, CA is $528,000, with a year-over-year change of -1.0%. This indicates that home prices in Grass Valley, CA are flat. According to Zillow, the 1-year price projection is -1.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $528,000 | -1.0% |
| Single Family | $529,000 | -0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $368,000 | -5.9% |
2 Bed | $433,000 | -1.6% |
3 Bed | $530,000 | -0.7% |
4 Bed | $671,000 | -0.4% |
| 5 Bed | $752,199 | -1.0% |
% of Housing Stock
Rental Trends — Grass Valley, CA
As of July '25, Rentcast reports the average rent in Grass Valley, CA is $2,840, with a year-over-year rent change of 19.3%. Per bedroom, the median rent as of July '25 in Grass Valley, CA is 2-bedrooms: $2,220, 3-bedrooms: $2,840, 4-bedrooms: $3,200. The most common rental property sizes in Grass Valley, CA are 3-bedroom and 2-bedroom, accounting for 45.4% and 23.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,840 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,100 | $2,220 |
| 3 Bed Rent | $2,800 | $2,840 |
| 4 Bed Rent | $3,100 | $3,200 |
% of Rental Stock
Property Listings — Grass Valley, CA
As of Nov '25, Realtor.com reports that the median days on market for a home in Grass Valley, CA is 85. This is a increase of 14.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $599,000 | -1.0% |
Listing Count | 118 | -6.0% |
| Listings as % of Homes | 0.8% | -6.0% |
Days on Market | 85 | 14.0% |
Demographics — Grass Valley, CA
As of the latest ACS Survey released in 2023, Grass Valley, CA has a population of 20,700, which has remained stable by 0.9% over the past 5 years. Grass Valley, CA is a less popular place for families, as children make up 13.8% of the population. The area has a moderately educated workforce, with 32.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,700 | 0.9% |
% Under 18 | 13.8% | -19.3% |
% Seniors | 31.5% | 15.0% |
% WFH | 19.4% | 48.1% |
% w/ College Degree | 32.3% | 4.9% |
As of the latest ACS Survey released in 2023, Grass Valley, CA is a predominantly white area, with 83.9% of the population identifying as white. The white population has shrunk by 5.4% in the last 5 years. The second most common race or ethnicity in Grass Valley, CA is hispanic, making up 8.4% of the population. Foreign-born residents account for 4.1% of the population in Grass Valley, CA, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 83.9% | -5.4% |
% Black | 0.2% | -33.3% |
% Hispanic | 8.4% | 42.4% |
% Asian | 0.9% | 28.6% |
% Foreign Born | 4.1% | 0.0% |
Mortgage and Risk — Grass Valley, CA
According to HUD data as of 2023, there were 308 mortgage originations in Grass Valley, CA, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Grass Valley, CA. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 308 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Rentals and Section 8 — Grass Valley, CA
Grass Valley, CA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 31 |
Total Units Section 8 | 31 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,540 |
| 2 Bedroom | -$80 | $2,100 | $2,020 |
| 3 Bedroom | $30 | $2,800 | $2,830 |
| 4 Bedroom | $290 | $3,100 | $3,390 |
Affordability — Grass Valley, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.9 |
| Median Home Price | $528,000 |
| Median Household Income | $90,300 |