Groveland, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Groveland Neighborhoods Since 2000




Groveland, FL Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Groveland Housing Market Information

With a population of 11,528, 3,345 total housing units (homes and apartments), and a median house value of $200,057, Groveland real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Groveland, accounting for 86.49% of the city's housing units. Other types of housing that are prevalent in Groveland include large apartment complexes or high rise apartments ( 3.86%), duplexes, homes converted to apartments or other small apartment buildings ( 3.27%), and a few mobile homes or trailers ( 2.23%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Groveland. Owner-occupied housing accounts for 70.44% of Groveland's homes, and 76.14% have either three or four bedrooms, which is average sized relative to America.

Groveland homes and real estate are some of the newest in America. 65.40% of Groveland'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 Groveland real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 17.21%), and between 1940-1969 ( 11.28%). There's also some housing in Groveland built before 1939 ( 6.12%).

Vacant housing appears to be an issue in Groveland. Fully 11.04% of the housing stock is classified as vacant. Left unchecked, vacant Groveland homes and apartments can be a drag on the real estate market, holding Groveland 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.

Groveland Home Appreciation Rates

Homes have actually lost value in Groveland over the last then years, as home values have seen a decline of 25.88% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Groveland home appreciation rates at 2.68%, which equates to an annual appreciation rate of 11.16%.

Appreciation rates are so strong in Groveland that despite a nationwide downturn in the housing market, Groveland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Groveland appreciation rates continue to be some of the highest in America, at 7.61%, which is higher than appreciation rates in 84.76% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Groveland. Groveland appreciation rates in the latest quarter were at 2.68%, which equates to an annual appreciation rate of 11.16%.

Importantly, this makes Groveland one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Florida, our data show that Groveland's latest annual appreciation rate is lower than 50% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$200,057

Groveland, FL HOME PRICES

Value Range
> $1,361,000 0.3
$1,021,001 - $1,361,000 0.0
$681,001 - $1,021,000 1.4
$544,001 - $681,000 2.4
$409,001 - $544,000 6.2
$272,001 - $409,000 10.4
$136,001 - $272,000 55.4
$68,001 - $136,000 18.9
$0 - $68,000 4.9

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
32.2336810031642 46.3675213675214

Number Of Homes And Apartments:
3,345

Groveland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
50.65% 2.40% 2 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,523 / per month

Homeownership Rate

Homeownership
Owners 70.44
Renters 29.56
Vacant 11.04

Housing Market Details

 

Age of Homes

AGE OF Groveland HOMES
2000 or Newer 65.4
1970 - 1999 17.2
1940 - 1969 11.3
1939 or Older 6.1

Types of Homes

TYPE OF Groveland HOMES
Single-Family 86.5
Townhomes 1.9
Small Apt. Buildings 3.3
Apt. Complexes 3.9
Mobile Homes 2.2
Other 2.3

Home Size

SIZE OF Groveland HOMES
No Bedroom 0.74
1 Bedroom 7.07
2 Bedrooms 15.08
3 Bedrooms 59.28
4 Bedrooms 16.86
5 or more bedrooms 0.96

Popular Neighborhoods in Groveland

Zip Codes in Groveland, FL