Grover, NC—28073
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Grover, NC
As of Oct '25, the median home price in Grover, NC is $171,000, with a year-over-year change of -12.9%. This indicates that home prices in Grover, NC are decreasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $171,000 | -12.9% |
| Single Family | $172,000 | -12.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $235,000 | -1.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Grover, NC
As of July '25, Rentcast reports the average rent in Grover, NC is $1,150, with a year-over-year rent change of -4.2%. Per bedroom, the median rent as of July '25 in Grover, NC is 2-bedrooms: $895, 3-bedrooms: $1,400. The most common rental property sizes in Grover, NC are 2-bedroom and 3-bedroom, accounting for 51.3% and 46.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $895 | $1,150 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $895 | $895 |
| 3 Bed Rent | $1,400 | $1,400 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Grover, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Grover, NC is 62. This is a decrease of -10.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $217,000 | -13.0% |
Listing Count | 14 | 155.0% |
| Listings as % of Homes | 0.4% | 155.0% |
Days on Market | 62 | -10.0% |
Demographics — Grover, NC
As of the latest ACS Survey released in 2023, Grover, NC has a population of 6,250, which has increased by 16.4% over the past 5 years. Grover, NC is a moderately popular place for families, as children make up 23.9% of the population. The area has a poorly educated workforce, with 12.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,250 | 16.4% |
% Under 18 | 23.9% | 20.7% |
% Seniors | 15.2% | 7.8% |
% WFH | 0.9% | -10.0% |
% w/ College Degree | 12.0% | 55.8% |
As of the latest ACS Survey released in 2023, Grover, NC is a predominantly white area, with 81.4% of the population identifying as white. The white population has grown by 12.7% in the last 5 years. The second most common race or ethnicity in Grover, NC is hispanic, making up 7.3% of the population. Foreign-born residents account for 1.5% of the population in Grover, NC, and this percentage has decreased by 16.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 81.4% | 12.7% |
% Black | 7.0% | -69.3% |
% Hispanic | 7.3% | 7,200.0% |
% Asian | 0.7% | -81.6% |
% Foreign Born | 1.5% | -16.7% |
Mortgage and Risk — Grover, NC
According to HUD data as of 2023, there were 51 mortgage originations in Grover, NC, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Grover, NC. Investor activity is low, as 2.0% of loans were by investors. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 51 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 22.0% |
Loan Activity
Rentals and Section 8 — Grover, NC
Grover, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 12 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $720 |
| 2 Bedroom | $55 | $895 | $950 |
| 3 Bedroom | -$70 | $1,400 | $1,330 |
| 4 Bedroom | N/A | N/A | $1,430 |
Affordability — Grover, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $171,000 |
| Median Household Income | $55,500 |