Grove Park, AL—35044
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Grove Park, AL
As of Oct '25, the median home price in Grove Park, AL is $155,000, with a year-over-year change of 0.6%. This indicates that home prices in Grove Park, AL are flat. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $155,000 | 0.6% |
| Single Family | $155,000 | 0.6% |
| 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 | $179,000 | 1.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Grove Park, AL
As of July '25, Rentcast reports the average rent in Grove Park, AL is $805, with a year-over-year rent change of -8.1%. Per bedroom, the median rent as of July '25 in Grove Park, AL is 1-bedrooms: $749, 2-bedrooms: $638, 3-bedrooms: $1,000. The most common rental property sizes in Grove Park, AL are 3-bedroom and 2-bedroom, accounting for 38.3% and 31.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $749 | $805 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $749 | $749 |
| 2 Bed Rent | $599 | $638 |
| 3 Bed Rent | $1,000 | $1,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Grove Park, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Grove Park, AL is 42. This is a decrease of -32.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $210,000 | -2.0% |
Listing Count | 40 | 3.0% |
| Listings as % of Homes | 0.4% | 3.0% |
Days on Market | 42 | -32.0% |
Demographics — Grove Park, AL
As of the latest ACS Survey released in 2023, Grove Park, AL has a population of 8,220, which has increased by 11.9% over the past 5 years. Grove Park, AL is a moderately popular place for families, as children make up 19.1% of the population. The area has a poorly educated workforce, with 11.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,220 | 11.9% |
% Under 18 | 19.1% | -27.4% |
% Seniors | 15.0% | -11.8% |
% WFH | 4.0% | 90.5% |
% w/ College Degree | 11.7% | 77.3% |
As of the latest ACS Survey released in 2023, Grove Park, AL is a predominantly white area, with 61.2% of the population identifying as white. The white population has shrunk by 7.6% in the last 5 years. The second most common race or ethnicity in Grove Park, AL is black, making up 35.4% of the population. Foreign-born residents account for 1.3% of the population in Grove Park, AL, and this percentage has decreased by 45.8% 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 | 61.2% | -7.6% |
% Black | 35.4% | 21.6% |
% Hispanic | 0.4% | -84.6% |
% Asian | 1.5% | 275.0% |
% Foreign Born | 1.3% | -45.8% |
Mortgage and Risk — Grove Park, AL
According to HUD data as of 2023, there were 66 mortgage originations in Grove Park, AL, of which 52.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Grove Park, AL. Investor activity is low, as 2.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 66 |
% Conventional Loans | 52.0% |
% Government Loans | 48.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — Grove Park, AL
Grove Park, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 193 |
Total Units Section 8 | 3 |
% 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 | -$119 | $749 | $630 |
| 2 Bedroom | $221 | $599 | $820 |
| 3 Bedroom | $140 | $1,000 | $1,140 |
| 4 Bedroom | N/A | N/A | $1,170 |
Affordability — Grove Park, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $155,000 |
| Median Household Income | $50,400 |