Grand Prairie real estate market overview
- Average Monthly Rent: $1,494
- Home Price/Value Percentage Change: 2.40%
- Median Home Value: $316,829
- Best Time To Sell a Home: November
- Affordability Index: Moderate
- Days To Sell a House: 54
- Job Market: Fair
- Public School Ranking: 27
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 202,310, with a growth rate of 1.03% annually.
The job market has decreased by -3.67% over the last year. In ten years, job growth is predicted to be 43.55%. 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 US 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.
Grand Prairie real estate market details
- Grand Peninsula
- Sheffield Village
- Dalworth Park
- Mira Lagos
There has been a 2.4% increase in Grand Prairie's median home value over the last year. As of 2023, the median home value is $316,829.
For the most profitable sale, data suggest selling a home in November. For the quickest sale, data suggest selling in August.
The affordability index in Grand Prairie is 101. This number indicates moderate affordability in this city.
The top ranked public schools are School for The Highly Gifted, Grand Prairie Collegiate Institute, Anna May Daulton Elementary, Cora Spencer Elementary, Grand Prairie Fine Arts Academy, and Colin Powell Elementary. This information is supported by data from The US Department of Education, The US Census Bureau and the Texas Education Agency.