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 a population of 7,856, 2,520 total housing units (homes and apartments), and a median house value of $206,045, house prices in Grove City are solidly below the national average.
Single-family detached homes are the single most common housing type in Grove City, accounting for 59.35% of the borough's housing units. Other types of housing that are prevalent in Grove City include large apartment complexes or high rise apartments ( 17.52%), duplexes, homes converted to apartments or other small apartment buildings ( 15.06%), and a few row houses and other attached homes ( 5.47%).
The most prevalent building size and type in Grove City are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 36.03% owning and 63.97% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Grove City's housing was primarily built during this period, from the '40s through the '60s. A full 39.59% of the borough's housing hails from this era. Other housing ages represented in Grove City include homes built before 1939 ( 31.91%) and housing constructed between 1970-1999 ( 25.60%). There's also some housing in Grove City built between 2000 and later ( 2.90%).
Grove City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Grove City during the period has been just 4.58%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Grove City's appreciation rate, at 6.77%, has been at or slightly above the national average. In the latest quarter, Grove City's appreciation rate has been 2.48%, which annualizes to a rate of 10.29%.
Relative to Pennsylvania, our data show that Grove City's latest annual appreciation rate is lower than 50% of the other cities and towns in Pennsylvania.
One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within Grove City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Grove City - 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 Grove City real estate investment or home purchase decisions.
$206,045
for Pennsylvania
for nation
2,520
$1,243 / per month