Grove City, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Grove City Neighborhoods Since 2000




Grove City, PA 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

Grove City Housing Market Information

With 8,193 people, 2,656 houses or apartments, and a median cost of homes of $122,591, house prices in Grove City are solidly below the national average.

Single-family detached homes are the single most common housing type in Grove City, accounting for 65.48% of the borough's housing units. Other types of housing that are prevalent in Grove City include duplexes, homes converted to apartments or other small apartment buildings ( 18.54%), large apartment complexes or high rise apartments ( 12.22%), and a few mobile homes or trailers ( 2.15%).

The most prevalent building size and type in Grove City are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 41.59% owning and 58.41% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Grove City's housing was primarily built during this period, from the '40s through the '60s. A full 41.82% of the borough's housing hails from this era. Other housing ages represented in Grove City include homes built before 1939 ( 41.17%) and housing constructed between 1970-1999 ( 15.74%). There's also some housing in Grove City built between 2000 and later ( 1.26%).

Grove City Home Appreciation Rates

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 3.68%, which ranks in the top 50% nationwide. This equates to an annual average Grove City house appreciation rate of 0.36%.

NeighborhoodScout's data show that during the latest twelve months, Grove City's appreciation rate, at 3.55%, has been at or slightly above the national average. In the latest quarter, Grove City's appreciation rate has been 2.15%, which annualizes to a rate of 8.89%.

Importantly, this makes Grove City one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.

Relative to Pennsylvania, our data show that Grove City's latest annual appreciation rate is higher than 70% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$122,591

Grove City, PA HOME PRICES

Value Range
> $1,089,000 0.0
$817,001 - $1,089,000 0.0
$544,001 - $817,000 0.0
$436,001 - $544,000 0.0
$327,001 - $436,000 2.2
$218,001 - $327,000 4.3
$109,001 - $218,000 51.3
$54,001 - $109,000 34.1
$0 - $54,000 8.1

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
64.0015234970116 60.5797101449275

Number Of Homes And Apartments:
2,656

Grove City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
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
27.31% 1.41% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$799 / per month

Homeownership Rate

Homeownership
Owners 41.59
Renters 58.41
Vacant 9.32

Housing Market Details

 

Age of Homes

AGE OF Grove City HOMES
2000 or Newer 1.3
1970 - 1999 15.7
1940 - 1969 41.8
1939 or Older 41.2

Types of Homes

TYPE OF Grove City HOMES
Single-Family 65.5
Townhomes 1.6
Small Apt. Buildings 18.5
Apt. Complexes 12.2
Mobile Homes 2.2
Other 0.0

Home Size

SIZE OF Grove City HOMES
No Bedroom 4.54
1 Bedroom 11.61
2 Bedrooms 26.46
3 Bedrooms 35.75
4 Bedrooms 18.61
5 or more bedrooms 3.04