Grovetown, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Grovetown Neighborhoods Since 2000




Grovetown, GA 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

Grovetown Housing Market Information

With a population of 13,093, 4,112 total housing units (homes and apartments), and a median house value of $150,487, 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 69.81% of the city's housing units. Other types of housing that are prevalent in Grovetown include mobile homes or trailers ( 13.49%), row houses and other attached homes ( 11.88%), and a few large apartment complexes or high rise apartments ( 3.58%).

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 62.50% owning and 37.50% renting.

Grovetown homes and real estate are some of the newest in America. 58.43% 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 ( 36.15%), and between 1940-1969 ( 5.41%).

Vacant housing appears to be an issue in Grovetown. Fully 16.34% 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.

Grovetown Home Appreciation Rates

Real estate appreciation rates in Grovetown's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.32% during the period.

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 2.72%, 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 0.72%, which equates to an annual appreciation rate of 2.91%.

Relative to Georgia, our data show that Grovetown's latest annual appreciation rate is lower than 60% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$150,487

Grovetown, GA HOME PRICES

Value Range
> $1,069,000 0.0
$802,001 - $1,069,000 0.0
$535,001 - $802,000 0.1
$428,001 - $535,000 1.6
$321,001 - $428,000 1.3
$214,001 - $321,000 14.9
$107,001 - $214,000 54.6
$53,001 - $107,000 17.1
$0 - $53,000 10.5

High for GA
Average for Nation

Value Relative to Nation Value Relative to State
49.7597562404781 30.8668076109937

Number Of Homes And Apartments:
4,112

Grovetown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
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
32.29% 1.64% 8 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,275 / per month

Homeownership Rate

Homeownership
Owners 62.50
Renters 37.50
Vacant 16.34

Housing Market Details

 

Age of Homes

AGE OF Grovetown HOMES
2000 or Newer 58.4
1970 - 1999 36.2
1940 - 1969 5.4
1939 or Older 0.0

Types of Homes

TYPE OF Grovetown HOMES
Single-Family 69.8
Townhomes 11.9
Small Apt. Buildings 1.2
Apt. Complexes 3.6
Mobile Homes 13.5
Other 0.0

Home Size

SIZE OF Grovetown HOMES
No Bedroom 0.00
1 Bedroom 2.64
2 Bedrooms 17.33
3 Bedrooms 50.48
4 Bedrooms 24.46
5 or more bedrooms 5.09