The housing market in Groves, TX is quite stable and has seen an increase in value over the past year. The median home value for Groves is currently $160,900 which is much lower than the US House Median Value of $338,100. While the national one year house appreciation rate has been 8.27%, Groves has seen a higher rate of 10.20%. This indicates that the housing market in Groves is growing faster than other parts of the country and those looking to purchase a home may find more affordability there.
The median home cost in Groves is $160,900. Home appreciation the last 10 years has been 68.4%. Home Appreciation in Groves is up 10.4%.
Average Age of Homes
- The median age of Groves real estate is 54 years old
The Rental Market in Groves
- Renters make up 23.8% of the Groves population
- 1.1% of houses and apartments in Groves, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.