The median home value in Grand Bay, AL is $164,000. This is lower than the county median home value of $168,000. The national median home value is $308,980. The average price of homes sold in Grand Bay, AL is $164,000. Approximately 66% of Grand Bay homes are owned, compared to 22% rented, while 12% are vacant. Grand Bay real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Grand Bay real estate agent to arrange a tour today! Learn more about Grand Bay Real Estate.