The Community
Grand Terrace, which is referred to as the ‘Blue Mountain City' is located in San Bernardino County on the I-215 corridor and is strategically situated between the cities of Riverside and San Bernardino. Major improvements are nearly complete on I-215, which will dramatically enhance Grand Terrace's easy access to the Southern California freeway system. Incorporated in 1978, Grand Terrace has a population of 12,315 and is known for offering a superb quality of life with a relaxed small-town feel, along with quiet neighborhoods, clean streets, high achieving public schools and a safe community environment.
Positive Attributes
The following are just some of the positive attributes Grand Terrace presents:
- Grand Terrace residents have disposable income with Grand Terrace having the 6th highest Median Household Income of San Bernardino County cities at $69,080 (which is higher than Ontario and San Bernardino, as well as the neighboring communities of Colton, Loma Linda and Riverside.
- Grand Terrace has charming, safe and clean neighborhoods with a diverse housing stock, which offers affordability with an average home value of $321,900.
- Grand Terrace public schools are high-achieving and Grand Terrace Elementary has been designated as a California Distinguished School.
- 26% of Grand Terrace residents have a Bachelor's Degree or higher, with 87% having a High School Degree or better.
- Grand Terrace has been ranked by Money Magazine as one of the Top 100 Best Places to Live.
- In May 2014, the Grand Terrace City Council adopted Grand Terrace Vision 2030, including a Strategic Plan to help guide the City of Grand Terrace through the period of 2014 to 2020. The Strategic Plan has several high priorities including a strong emphasis on economic development and attracting new businesses to locate in the community.
Market Area and Business Profile
Economic Indicators
Demographics
Below is a summary of demographic categories for the City of Grand Terrace:
- Population of 12,315 (as of 1/2016 according to the CA Department of Finance)
- Median age is 35.7
- Size of Grand Terrace is 3.5 square miles
- 4,703 housing units
- 2.7 occupancy size per household
- 62.6% of housing units are owner-occupied
- $65,255 Median Household Income (6th highest of cities in San Bernardino County)
- $8,204 Annual Retail Sales Per Capita
- 26% of residents possess a Bachelor's Degree or higher
- 87% of residents have a High School Degree or above
- 24.6 minutes for Average Travel Time to Work for Grand Terrace Residents
- Ethnic breakdown of Grand Terrace residents include: 46.4% White; 39.1% Hispanic; 6.5% Asian; 5.6% Black; 2.4% All Other