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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 22,374 people, 6,924 houses or apartments, and a median cost of homes of $536,264, Groveland real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Groveland, accounting for 87.85% of the city's housing units. Other types of housing that are prevalent in Groveland include duplexes, homes converted to apartments or other small apartment buildings ( 4.97%), row houses and other attached homes ( 2.78%), and a few large apartment complexes or high rise apartments ( 2.36%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Groveland. Owner-occupied housing accounts for 88.28% of Groveland's homes, and 71.21% have either three or four bedrooms, which is average sized relative to America.
Groveland homes and real estate are some of the newest in America. 84.66% of Groveland's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Groveland real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 11.83%), and between 1940-1969 ( 2.82%).
In the last 10 years, Groveland has experienced some of the highest home appreciation rates of any community in the nation. Groveland real estate appreciated 167.02% over the last ten years, which is an average annual home appreciation rate of 10.32%, putting Groveland in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Groveland 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 Groveland that despite a nationwide downturn in the housing market, Groveland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Groveland appreciation rates continue to be some of the highest in America, at 8.63%, which is higher than appreciation rates in 77.22% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Groveland. Groveland appreciation rates in the latest quarter were at 2.14%, which equates to an annual appreciation rate of 8.84%.
Relative to Florida, our data show that Groveland's latest annual appreciation rate is higher than 70% of the other cities and towns in Florida.
$536,264
for Florida
for nation
6,924
$2,807 / per month