Investor purchase activity, drawn from the last 12 months of records.
Data last updated
In Grimes (50111), investors own about 125 tracked properties across 16 active buyers, with a median investor purchase price near $240,000. 22 were acquired in the last 12 months.
Acquisition pace is accelerating: 22 properties bought in the last 12 months against roughly 13 the year before, up about 69%. Competition for contracts is rising, and buyers who were quiet a year ago are active again.
Investors here buy at a median of $240,000. The average of $584,000 sits well above it, so a tail of higher-priced deals is pulling the mean up — most activity happens below the average, and pricing off the median is the safer read.
92.0% of tracked activity in 50111 is buy & hold. Buy-and-hold capital prices for yield rather than resale margin, so rent support matters more to these buyers than after-repair comps.
The median investor-owned home was built around 2016. Just 0.8% was built before 1980, which keeps renovation scopes and disclosure burdens down.
There are 16 buyers paying cash in 50111 today, against a standing position of about 125 properties. At under 1.4 deals per buyer in 12 months, no small group controls this market; expect to work a longer list for the same volume.
These numbers come from recorded purchases in this ZIP code, updated as new records land. They report what has already happened and are not a prediction or investment advice.