Groveton, TX


Highest Appreciating Groveton Neighborhoods Since 2000

Groveton, TX Real Estate Data

Groveton Housing Market Information

With a population of 1,024, 418 total housing units (homes and apartments), and a median house value of $125,550, house prices in Groveton are solidly below the national average.

Single-family detached homes are the single most common housing type in Groveton, accounting for 56.33% of the city's housing units. Other types of housing that are prevalent in Groveton include mobile homes or trailers ( 25.46%), duplexes, homes converted to apartments or other small apartment buildings ( 12.65%), and a few large apartment complexes or high rise apartments ( 3.55%).

People in Groveton primarily live in small (one, two or no bedroom) single-family detached homes. Groveton has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Groveton 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 Groveton built between 1940-1969 ( 28.55%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.89%). There's also some housing in Groveton built before 1939 ( 9.26%).

Vacant housing appears to be an issue in Groveton. Fully 35.49% of the housing stock is classified as vacant. Left unchecked, vacant Groveton homes and apartments can be a drag on the real estate market, holding Groveton 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.

Groveton Home Appreciation Rates

In the last 10 years, Groveton has experienced some of the highest home appreciation rates of any community in the nation. Groveton real estate appreciated 57.54% over the last ten years, which is an average annual home appreciation rate of 4.65%, putting Groveton in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Groveton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Groveton that despite a nationwide downturn in the housing market, Groveton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Groveton appreciation rates continue to be some of the highest in America, at 6.72%, which is higher than appreciation rates in 82.19% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Groveton. Groveton appreciation rates in the latest quarter were at 2.87%, which equates to an annual appreciation rate of 11.99%.

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

Average Home Values


Median Home Value:


Value Range
> $1,227,000 0.0
$920,001 - $1,227,000 0.0
$614,001 - $920,000 0.0
$490,001 - $614,000 0.0
$368,001 - $490,000 7.3
$245,001 - $368,000 3.6
$123,001 - $245,000 41.0
$62,001 - $123,000 20.1
$0 - $62,000 28.0

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
63.3542191251391 47.2815533980583

Number Of Homes And Apartments:

Rent & Ownership


Average Market Rent:
$639 / per month

Homeownership Rate

Owners 52.57
Renters 47.43
Vacant 35.49

Housing Market Details


Age of Homes

2000 or Newer 13.9
1970 - 1999 48.3
1940 - 1969 28.5
1939 or Older 9.3

Types of Homes

Single-Family 56.3
Townhomes 2.0
Small Apt. Buildings 12.7
Apt. Complexes 3.5
Mobile Homes 25.5
Other 0.0

Home Size

No Bedroom 1.54
1 Bedroom 16.98
2 Bedrooms 33.02
3 Bedrooms 37.50
4 Bedrooms 10.34
5 or more bedrooms 0.62

Groveton Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
121.03% 4.78% 10 10
* 10 is highest

Popular Neighborhoods in Groveton

Popular Communities Near Groveton, TX

Zip Codes in Groveton, TX