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 5,858 people, 2,186 houses or apartments, and a median cost of homes of $318,283, Groveport real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Groveport, accounting for 74.89% of the city's housing units. Other types of housing that are prevalent in Groveport include large apartment complexes or high rise apartments ( 9.33%), duplexes, homes converted to apartments or other small apartment buildings ( 8.21%), and a few row houses and other attached homes ( 7.56%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Groveport. Owner-occupied housing accounts for 70.28% of Groveport's homes, and 62.49% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Groveport built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Groveport built between 2000 and later ( 29.43%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.01%). There's also some housing in Groveport built before 1939 ( 18.32%).
In the last 10 years, Groveport has experienced some of the highest home appreciation rates of any community in the nation. Groveport real estate appreciated 122.31% over the last ten years, which is an average annual home appreciation rate of 8.32%, putting Groveport in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Groveport definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Groveport appreciation rates have trailed the rest of the nation. In the last twelve months, Groveport's appreciation rate has been 4.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Groveport were at 1.53%, which equates to an annual appreciation rate of 6.27%.
Relative to Ohio, our data show that Groveport's latest annual appreciation rate is lower than 80% of the other cities and towns in Ohio.
$318,283
for Ohio
for nation
2,186
$1,663 / per month