Grovetown, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Grovetown Neighborhoods Since 2000




Grovetown, GA Real Estate Data


Grovetown Housing Market Information

With a population of 13,093, 3,914 total housing units (homes and apartments), and a median house value of $157,002, 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 72.05% of the city's housing units. Other types of housing that are prevalent in Grovetown include mobile homes or trailers ( 15.61%), row houses and other attached homes ( 9.82%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.17%).

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 64.15% owning and 35.85% renting.

Grovetown homes and real estate are some of the newest in America. 53.45% 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 ( 40.48%), and between 1940-1969 ( 6.07%).

Vacant housing appears to be an issue in Grovetown. Fully 15.13% 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

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 2.86%, which ranks in the top 50% nationwide. This equates to an annual average Grovetown house appreciation rate of 0.28%.

Appreciation rates are so strong in Grovetown that despite a nationwide downturn in the housing market, Grovetown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Grovetown appreciation rates continue to be some of the highest in America, at 5.80%, which is higher than appreciation rates in 71.44% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Grovetown. Grovetown appreciation rates in the latest quarter were at 3.10%, which equates to an annual appreciation rate of 12.99%.

Importantly, this makes Grovetown 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 Georgia, our data show that Grovetown's latest annual appreciation rate is higher than 50% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$157,002

Grovetown, GA HOME PRICES

Value Range
> $1,106,000 0.0
$830,001 - $1,106,000 0.0
$553,001 - $830,000 0.1
$443,001 - $553,000 1.1
$332,001 - $443,000 1.6
$221,001 - $332,000 14.2
$111,001 - $221,000 53.0
$55,001 - $111,000 18.7
$0 - $55,000 11.3

High for GA
Average for Nation

Value Relative to Nation Value Relative to State
47.8362710077883 30.4439746300211

Number Of Homes And Apartments:
3,914

Rent & Ownership

 

Average Market Rent:
$998 / per month

Homeownership Rate

Homeownership
Owners 64.15
Renters 35.85
Vacant 15.13

Housing Market Details

 

Age of Homes

AGE OF Grovetown HOMES
2000 or Newer 53.4
1970 - 1999 40.5
1940 - 1969 6.1
1939 or Older 0.0

Types of Homes

TYPE OF Grovetown HOMES
Single-Family 72.1
Townhomes 9.8
Small Apt. Buildings 2.2
Apt. Complexes 0.3
Mobile Homes 15.6
Other 0.0

Home Size

SIZE OF Grovetown HOMES
No Bedroom 0.00
1 Bedroom 0.67
2 Bedrooms 17.32
3 Bedrooms 49.70
4 Bedrooms 28.47
5 or more bedrooms 3.84

Grovetown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
37.89% 1.91% 8 4
* 10 is highest