Groves, TX—77619
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Groves, TX
As of Oct '25, the median home price in Groves, TX is $175,000, with a year-over-year change of 4.8%. This indicates that home prices in Groves, TX are increasing. According to Zillow, the 1-year price projection is -2.7%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $175,000 | 4.8% |
| Single Family | $176,000 | 6.0% |
| 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 | $186,000 | 3.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Groves, TX
As of July '25, Rentcast reports the average rent in Groves, TX is $1,430, with a year-over-year rent change of 10.0%. Per bedroom, the median rent as of July '25 in Groves, TX is 1-bedrooms: $958, 2-bedrooms: $1,360, 3-bedrooms: $1,510, 4-bedrooms: $2,500. The most common rental property sizes in Groves, TX are 2-bedroom and 3-bedroom, accounting for 55.2% and 27.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,430 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,050 | $958 |
| 2 Bed Rent | $1,200 | $1,360 |
| 3 Bed Rent | $1,550 | $1,510 |
| 4 Bed Rent | $2,500 | $2,500 |
% of Rental Stock
Property Listings — Groves, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Groves, TX is 52. This is a increase of 7.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $210,000 | 23.0% |
Listing Count | 71 | 4.0% |
| Listings as % of Homes | 1.0% | 4.0% |
Days on Market | 52 | 7.0% |
Demographics — Groves, TX
As of the latest ACS Survey released in 2023, Groves, TX has a population of 17,000, which has increased by 8.0% over the past 5 years. Groves, TX is a moderately popular place for families, as children make up 22.8% of the population. The area has a poorly educated workforce, with 12.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,000 | 8.0% |
% Under 18 | 22.8% | -4.2% |
% Seniors | 18.3% | 10.9% |
% WFH | 1.7% | -19.0% |
% w/ College Degree | 12.9% | -16.2% |
As of the latest ACS Survey released in 2023, Groves, TX is a predominantly white area, with 52.6% of the population identifying as white. The white population has shrunk by 20.5% in the last 5 years. The second most common race or ethnicity in Groves, TX is hispanic, making up 30.4% of the population. Foreign-born residents account for 15.7% of the population in Groves, TX, and this percentage has increased by 63.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 52.6% | -20.5% |
% Black | 9.0% | 143.2% |
% Hispanic | 30.4% | 19.7% |
% Asian | 6.5% | 132.1% |
% Foreign Born | 15.7% | 63.5% |
Mortgage and Risk — Groves, TX
According to HUD data as of 2023, there were 272 mortgage originations in Groves, TX, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Groves, TX. Investor activity is low, as 9.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 272 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 9.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Groves, TX
As of 2024, the percent of homes in Groves, TX under the Section 8 program is 11.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Groves, TX, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 149 |
Total Units Section 8 | 149 |
% Rentals under Section 8 | 11.6% |
% Occupied Section 8 | 83.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $1,050 | $1,060 |
| 2 Bedroom | $80 | $1,200 | $1,280 |
| 3 Bedroom | $130 | $1,550 | $1,680 |
| 4 Bedroom | -$570 | $2,500 | $1,930 |
Affordability — Groves, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $175,000 |
| Median Household Income | $70,500 |