Grove City, OH—43123
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Grove City, OH
As of Oct '25, the median home price in Grove City, OH is $323,000, with a year-over-year change of 2.0%. This indicates that home prices in Grove City, OH are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $323,000 | 2.0% |
| Single Family | $332,000 | 1.8% |
| Condos | $259,000 | 1.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $231,000 | 1.8% |
3 Bed | $309,000 | 1.6% |
4 Bed | $389,000 | 2.1% |
| 5 Bed | $498,000 | 1.2% |
% of Housing Stock
Rental Trends — Grove City, OH
As of July '25, Rentcast reports the average rent in Grove City, OH is $2,040, with a year-over-year rent change of 3.0%. Per bedroom, the median rent as of July '25 in Grove City, OH is 1-bedrooms: $1,250, 2-bedrooms: $1,560, 3-bedrooms: $2,140, 4-bedrooms: $2,640. The most common rental property sizes in Grove City, OH are 2-bedroom and 1-bedroom, accounting for 51.5% and 20.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,040 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,250 | $1,250 |
| 2 Bed Rent | $1,500 | $1,560 |
| 3 Bed Rent | $2,100 | $2,140 |
| 4 Bed Rent | $2,600 | $2,640 |
% of Rental Stock
Property Listings — Grove City, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Grove City, OH is 45. This is a increase of 21.0% 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 48.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $381,000 | -3.0% |
Listing Count | 307 | 23.0% |
| Listings as % of Homes | 0.4% | 23.0% |
Days on Market | 45 | 21.0% |
Demographics — Grove City, OH
As of the latest ACS Survey released in 2023, Grove City, OH has a population of 66,400, which has increased by 1.4% over the past 5 years. Grove City, OH is a moderately popular place for families, as children make up 23.6% of the population. The area has a moderately educated workforce, with 31.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 66,400 | 1.4% |
% Under 18 | 23.6% | -5.2% |
% Seniors | 16.5% | 15.4% |
% WFH | 13.1% | 495.5% |
% w/ College Degree | 31.1% | 11.1% |
As of the latest ACS Survey released in 2023, Grove City, OH is a predominantly white area, with 83.9% of the population identifying as white. The white population has shrunk by 5.5% in the last 5 years. The second most common race or ethnicity in Grove City, OH is black, making up 4.8% of the population. Foreign-born residents account for 4.3% of the population in Grove City, OH, and this percentage has increased by 34.4% 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 | 83.9% | -5.5% |
% Black | 4.8% | -5.9% |
% Hispanic | 4.8% | 166.7% |
% Asian | 2.1% | 10.5% |
% Foreign Born | 4.3% | 34.4% |
Mortgage and Risk — Grove City, OH
According to HUD data as of 2023, there were 413 mortgage originations in Grove City, OH, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Grove City, OH. Investor activity is low, as 2.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 413 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Grove City, OH
As of 2024, the percent of homes in Grove City, OH under the Section 8 program is 5.5%. 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. In Grove City, OH, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 480 |
Total Units Section 8 | 409 |
% Rentals under Section 8 | 5.5% |
% Occupied Section 8 | 85.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$70 | $1,250 | $1,180 |
| 2 Bedroom | -$70 | $1,500 | $1,430 |
| 3 Bedroom | -$380 | $2,100 | $1,720 |
| 4 Bedroom | -$680 | $2,600 | $1,920 |
Affordability — Grove City, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $323,000 |
| Median Household Income | $87,900 |