Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 17,148 people, 4,670 houses or apartments, and a median cost of homes of $299,465, Grovetown real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Grovetown, accounting for 60.17% of the city's housing units. Other types of housing that are prevalent in Grovetown include large apartment complexes or high rise apartments ( 13.46%), mobile homes or trailers ( 12.51%), and a few row houses and other attached homes ( 10.90%).
The most prevalent building size and type in Grovetown are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.57% owning and 40.43% renting.
Grovetown homes and real estate are some of the newest in America. 64.14% of Grovetown's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Grovetown real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 30.66%), and between 1940-1969 ( 5.20%).
Vacant housing appears to be an issue in Grovetown. Fully 25.00% of the housing stock is classified as vacant. Left unchecked, vacant Grovetown homes and apartments can be a drag on the real estate market, holding Grovetown real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Grovetown have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 89.02%, which ranks in the top 50% nationwide. This equates to an annual average Grovetown house appreciation rate of 6.57%.
Over the last year, Grovetown appreciation rates have trailed the rest of the nation. In the last twelve months, Grovetown's appreciation rate has been 0.90%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Grovetown were at -3.41%, which equates to an annual appreciation rate of -12.97%.
Notably, Grovetown's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Georgia, our data show that Grovetown's latest annual appreciation rate is lower than 90% of the other cities and towns in Georgia.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Grovetown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Grovetown - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Grovetown real estate investment or home purchase decisions.
$299,465
for Georgia
for nation
4,670
$2,165 / per month