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
With 39,388 people, 14,509 houses or apartments, and a median cost of homes of $183,849, Grove City real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Grove City, accounting for 64.73% of the city's housing units. Other types of housing that are prevalent in Grove City include large apartment complexes or high rise apartments ( 13.97%), row houses and other attached homes ( 11.25%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.35%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Grove City. Owner-occupied housing accounts for 68.29% of Grove City's homes, and 66.68% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Grove City built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Grove City built between 2000 and later ( 26.75%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.68%). There's also some housing in Grove City built before 1939 ( 3.00%).
Appreciation rates for homes in Grove City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.01%, which ranks in the top 40% nationwide. This equates to an annual average Grove City house appreciation rate of 0.96%.
Appreciation rates are so strong in Grove City that despite a nationwide downturn in the housing market, Grove City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Grove City appreciation rates continue to be some of the highest in America, at 10.05%, which is higher than appreciation rates in 92.78% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Grove City. Grove City appreciation rates in the latest quarter were at 5.57%, which equates to an annual appreciation rate of 24.22%.
Importantly, NeighborhoodScout’s exclusive research found that Grove City's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to Ohio, our data show that Grove City's latest annual appreciation rate is higher than 90% of the other cities and towns in Ohio.
One very important thing to keep in mind is that these are average appreciation rates for the city. 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.
|$927,001 - $1,236,000||0.0|
|$618,001 - $927,000||0.0|
|$494,001 - $618,000||0.9|
|$371,001 - $494,000||3.4|
|$247,001 - $371,000||18.9|
|$124,001 - $247,000||64.7|
|$62,001 - $124,000||9.8|
|$0 - $62,000||2.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Grove City HOMES|
|2000 or Newer||26.8|
|1970 - 1999||46.6|
|1940 - 1969||23.7|
|1939 or Older||3.0|
|TYPE OF Grove City HOMES|
|Small Apt. Buildings||9.3|
|SIZE OF Grove City HOMES|
|5 or more bedrooms||2.26|