Grove, OK—74344
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Grove, OK
Grove, OK lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $289,000 | 1.7% |
| Single Family | $290,000 | 1.4% |
| Condos | $276,000 | 3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $206,000 | 1.0% |
3 Bed | $298,000 | 2.1% |
4 Bed | $484,000 | 3.0% |
| 5 Bed | $774,000 | 3.3% |
% of Housing Stock
Rental Trends — Grove, OK
As of July '25, Rentcast reports the average rent in Grove, OK is $1,520, with a year-over-year rent change of 6.3%. Per bedroom, the median rent as of July '25 in Grove, OK is studios: $700, 3-bedrooms: $1,620. The most common rental property sizes in Grove, OK are 2-bedroom and 3-bedroom, accounting for 46.5% and 30.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,520 |
| Studio Rent | $700 | $700 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,400 | $1,620 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Grove, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Grove, OK is 84. This is a increase of 11.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $380,000 | 4.0% |
Listing Count | 165 | 28.0% |
| Listings as % of Homes | 0.6% | 28.0% |
Days on Market | 84 | 11.0% |
Demographics — Grove, OK
As of the latest ACS Survey released in 2023, Grove, OK has a population of 14,400, which has decreased by -6.1% over the past 5 years. Grove, OK is a moderately popular place for families, as children make up 17.3% of the population. The area has a poorly educated workforce, with 24.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,400 | -6.1% |
% Under 18 | 17.3% | -3.9% |
% Seniors | 30.0% | -2.0% |
% WFH | 7.1% | 57.8% |
% w/ College Degree | 24.9% | 9.2% |
As of the latest ACS Survey released in 2023, Grove, OK is a predominantly white area, with 74.0% of the population identifying as white. The white population has shrunk by 5.1% in the last 5 years. The second most common race or ethnicity in Grove, OK is hispanic, making up 5.0% of the population. Foreign-born residents account for 1.5% of the population in Grove, OK, and this percentage has decreased by 34.8% 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 | 74.0% | -5.1% |
% Black | 0.6% | 200.0% |
% Hispanic | 5.0% | 78.6% |
% Asian | 0.2% | -80.0% |
% Foreign Born | 1.5% | -34.8% |
Mortgage and Risk — Grove, OK
According to HUD data as of 2023, there were 251 mortgage originations in Grove, OK, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Grove, OK. Investor activity is low, as 4.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 251 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 4.0% |
% Second Loans | 11.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Grove, OK
Grove, OK lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 27 |
Total Units Section 8 | 27 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $730 |
| 2 Bedroom | N/A | N/A | $960 |
| 3 Bedroom | -$220 | $1,400 | $1,180 |
| 4 Bedroom | N/A | N/A | $1,460 |
Affordability — Grove, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $289,000 |
| Median Household Income | $56,600 |