Grove Hill, AL is an attractive housing market for those looking to buy or invest in real estate. The median value of homes in Grove Hill is significantly lower than the average US house median value, at $136,900 compared to $338,100. In addition, houses in Grove Hill have appreciated more rapidly over the past year than the national average, with a 1-year appreciation rate of 14.92% compared to 8.27%. As such, Grove Hill presents an excellent opportunity for those looking to purchase a home or invest in property.
The median home cost in Grove Hill is $136,900. Home appreciation the last 10 years has been 61.6%. Home Appreciation in Grove Hill is up 18.1%.
Average Age of Homes
- The median age of Grove Hill real estate is 43 years old
The Rental Market in Grove Hill
- Renters make up 39.4% of the Grove Hill population
- 0.9% of houses and apartments in Grove Hill, 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.