Grove City, Ohio Housing Market Prices
Grove City Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 75% above the Ohio median$243,136
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Median rent 25% above the Ohio median$1,289
Housing Market Overview
| Metric | Grove City | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $243,136 | $139,044 | $248,835 |
| Price Trend (Annual %) | 9.8% | 6.7% | 7.5% |
| Median Gross Rent | $1,289 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 5.1% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Grove City is about 75% higher than in Ohio. Rent is about 25% higher than the Ohio average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Grove City, up about 9.8% and 5.1% a year respectively. Home prices are changing faster.
Median rent in Grove City rose about 51.1% between 2015 and 2024, from $853 to $1,289. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Grove City.
Buying the median-priced home in Grove City costs roughly 15.7 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Grove City. The price-to-rent ratio in Ohio is about 11.2.
| Metric | Grove City | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $243,136 | $139,044 | $248,835 |
| Median Household Income | $85,181 | $71,509 | $80,455 |
| Price-to-Income Ratio | 2.9 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Grove City rose about 108.0%, while median household income rose about 40.5% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Grove City | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.4% | 61.7% | 58.5% |
| Rental Rate | 30.9% | 30.1% | 31.2% |
| Vacancy Rate | 5.7% | 8.1% | 10.2% |
| Median Tenure (years) | 12.0 | 16.0 | 15.0 |
| Median Year Moved In | 2014 | 2010 | 2011 |
Grove City has a homeownership rate of 63.4%, higher than the Ohio average of 61.7%. Its housing vacancy rate is 5.7%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Grove City | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.41 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1986 | 1970 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in Grove City was built around 1986. On average, 2.4 people live in a home with about 5.8 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Grove City, Ohio.
What is the median home price in Grove City, Ohio?
The median home price in Grove City, Ohio is $243,136, higher than the Ohio average of $139,044.
What is the average home price in Grove City, Ohio?
The typical home price in Grove City, Ohio, reported as the median sale price, is $243,136. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Grove City, Ohio?
The median gross rent in Grove City, Ohio is $1,289 per month, higher than the Ohio average of $1,033.
What was the median gross rent in Grove City in 2020?
In 2020, the median gross rent in Grove City, Ohio was $1,047 per month.
What is the price-to-rent ratio in Grove City, Ohio?
The price-to-rent ratio in Grove City, Ohio is about 15.7, meaning it would take roughly 15.7 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Grove City.
Are home prices or rent rising faster in Grove City, Ohio?
Both home prices and rent are rising in Grove City, up about 9.8% and 5.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Grove City, Ohio?
63.4% of households in Grove City, Ohio own their home, higher than the Ohio average of 61.7%.
What is the vacancy rate in Grove City, Ohio?
The housing vacancy rate in Grove City, Ohio is 5.7%, lower than the Ohio average of 8.1%.
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