Groveport, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Groveport, OH 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

Groveport Housing Market Information

With a population of 5,737, 2,250 total housing units (homes and apartments), and a median house value of $154,907, Groveport 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 Groveport, accounting for 70.55% of the village's housing units. Other types of housing that are prevalent in Groveport include large apartment complexes or high rise apartments ( 17.86%), row houses and other attached homes ( 6.53%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.07%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Groveport. Owner-occupied housing accounts for 72.68% of Groveport's homes, and 63.46% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Groveport 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 Groveport built between 1940-1969 ( 26.36%). A lesser amount of the housing stock also hails from between 2000 and later ( 24.22%). There's also some housing in Groveport built before 1939 ( 14.56%).

Groveport Home Appreciation Rates

Appreciation rates for homes in Groveport have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.96%, which ranks in the top 50% nationwide. This equates to an annual average Groveport house appreciation rate of 0.29%.

NeighborhoodScout's data show that during the latest twelve months, Groveport's appreciation rate, at 5.32%, has been at or slightly above the national average. In the latest quarter, Groveport's appreciation rate has been 0.34%, which annualizes to a rate of 1.37%.

Relative to Ohio, our data show that Groveport's latest annual appreciation rate is higher than 80% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$154,907

Groveport, OH HOME PRICES

Value Range
> $1,192,000 0.0
$894,001 - $1,192,000 0.0
$596,001 - $894,000 0.0
$477,001 - $596,000 0.0
$357,001 - $477,000 1.8
$239,001 - $357,000 7.2
$119,001 - $239,000 61.2
$59,001 - $119,000 25.5
$0 - $59,000 4.3

High for OH
Average for Nation

Value Relative to Nation Value Relative to State
47.9608578460096 34.5144356955381

Number Of Homes And Apartments:
2,250

Groveport Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
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
18.54% 0.99% 7 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$805 / per month

Homeownership Rate

Homeownership
Owners 72.68
Renters 27.32
Vacant 3.39

Housing Market Details

 

Age of Homes

AGE OF Groveport HOMES
2000 or Newer 24.2
1970 - 1999 34.9
1940 - 1969 26.4
1939 or Older 14.6

Types of Homes

TYPE OF Groveport HOMES
Single-Family 70.5
Townhomes 6.5
Small Apt. Buildings 5.1
Apt. Complexes 17.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Groveport HOMES
No Bedroom 1.55
1 Bedroom 11.25
2 Bedrooms 21.08
3 Bedrooms 37.83
4 Bedrooms 25.63
5 or more bedrooms 2.66