Grand Prairie Real Estate Market Overview
Average Monthly Rent:
$1,363
Percentage Change in Home Price/Value:
19.2%
Median Home Value:
$327,900
Best Time To Sell Home:
November
Affordability Index:
153
Days To Sell House:
41
Job Market:
Fair
Public School Ranking:
28
Location and Weather
The city of Grand Prairie is nestled in the middle of Dallas and Fort Worth. It has a reputation for its beautiful springtime wildflowers and gradually hilly terrain. Grand Prairie was named the 1st most dynamic small city and 1st best place to retire in the United States, as its reputation for beautiful parks, busy farmers markets, unique theaters and high quality of life attracts potential new residents year round.
Similar to most cities in Texas, the weather here is warm the majority of the year. Summers reach highs in the mid 90s, and winters receive about an inch of snow with temperatures in the mid 30s.
Population, Job Market and Cost of Living
Grand Prairie’s population is 196,205, with a growth rate of 0.28% annually. The job market has increased by 3.1% over the last year. In ten years, job growth is predicted to be 43.6%. The largest industries in this city are architecture, engineering, legal services, and health services. Companies that employ the most residents are the Grand Prairie Independent School District, Lockheed Martin Missiles and Fire Control HQ, Poly-America Inc., and the City of Grand Prairie.
Grand Prairie is about as expensive as the U.S. average, and is slightly higher than Texas. Although considering its size and close proximity to the amenities of Dallas, Fort Worth and Arlington, it is fairly affordable.