Grovetown, GA Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Grovetown, GA Housing Market Trends

With a population of 15,152, 4,028 total housing units (homes and apartments), and a median house value of $162,490, house prices in Grovetown are solidly below the national average.

Single-family detached homes are the single most common housing type in Grovetown, accounting for 61.06% of the city's housing units. Other types of housing that are prevalent in Grovetown include row houses and other attached homes ( 15.92%), mobile homes or trailers ( 11.38%), and a few large apartment complexes or high rise apartments ( 9.11%).

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 55.88% owning and 44.12% renting.

Grovetown homes and real estate are some of the newest in America. 58.84% 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 ( 33.61%), and between 1940-1969 ( 7.55%).

Vacant housing appears to be an issue in Grovetown. Fully 27.94% 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

Grovetown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Grovetown during the period has been just 1.82%, which is lower than 70% of US communities.

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 6.63%, which is higher than appreciation rates in 79.50% 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 0.99%, which equates to an annual appreciation rate of 4.01%.

Notably, Grovetown's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 
info

Median Home Value:
$162,490

Grovetown, GA HOME PRICES

> $1,148,000
1.9%
1.9%
$861,001 - $1,148,000
0.0%
0.0%
$574,001 - $861,000
1.1%
1.1%
$459,001 - $574,000
2.3%
2.3%
$344,001 - $459,000
4.5%
4.5%
$229,001 - $344,000
14.3%
14.3%
$115,001 - $229,000
45.8%
45.8%
$57,001 - $115,000
23.2%
23.2%
$0 - $57,000
6.8%
6.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Average for GA

Value Relative To Nation

Number Of Homes And Apartments:
4,028

Grovetown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
56.51% 2.16%
6
4
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,442 / per month

Homeownership Rate

Owners
55.9%
55.9%
Renters
44.1%
44.1%
Vacant
27.9%
27.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
58.8%
58.8%
1970 - 1999
33.6%
33.6%
1940 - 1969
7.5%
7.5%
1939 or Older
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
61.1%
61.1%
Townhomes
15.9%
15.9%
Small Apt. Buildings
2.5%
2.5%
Apt. Complexes
9.1%
9.1%
Mobile Homes
11.4%
11.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
3.4%
3.4%
2 Bedrooms
34.0%
34.0%
3 Bedrooms
32.1%
32.1%
4 Bedrooms
20.8%
20.8%
5 or more bedrooms
9.7%
9.7%
0.0% 100.0%
% OF HOMES