Market Overview
Home Prices in Grand Terrace, CA
The median home value in Grand Terrace, CA is $593,258 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.6% compared to a year ago and down 1.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Grand Terrace are priced45% above average. Grand Terrace is part of the Riverside-San Bernardino-Ontario, CA metro area.
Over the past five years, Grand Terrace home values have risen by approximately19.2%, reflecting steady appreciation in this market.
Price History
Grand Terrace Home Price Trend
City Comparison
Grand Terrace vs. National Median
At $593,258, homes in Grand Terrace cost 45% above the national median of $410,000. Buyers in Grand Terrace should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Grand Terrace?
20% Down Payment
$118,652
on $593,258
Monthly P&I
$3,094/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,929/mo
incl. taxes & insurance
Income Needed
$157,160
gross annual (30% rule)
10% Down Option
$59,326
+ PMI applies
Loan Amount (20% dn)
$474,606
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Grand Terrace, CA?
The median home value in Grand Terrace is $593,258 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.6% year-over-year.
How much have home prices changed in Grand Terrace?
Over the past year, home values in Grand Terrace have decreased by 0.6%. Over five years, prices have risen approximately 19.2%.
How much do I need to earn to buy a home in Grand Terrace?
To comfortably afford the median home price of $593,258 with a 20% down payment ($118,652) at today's rates (6.8%), you'd need a gross annual income of approximately $157,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Grand Terrace compare to the national average home price?
The national median home value is approximately $410,000. At $593,258, homes in Grand Terrace are 45% above the national average.
What metro area is Grand Terrace part of?
Grand Terrace is part of the Riverside-San Bernardino-Ontario, CA metropolitan area. Home prices and market conditions can vary across the broader metro region.