Groveton, VA Real Estate
According to census data in the year 2000 there were 8,260 housing units in Groveton.
This represents a 3.3% growth from 7,998 in 1990.
Of those housing units, 8,260 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Groveton is about 56.7%.
Groveton's vacancy rate, including seasonal lodging, is about 2.4%.
Average household size is 2.63 people.
The majority of houses, apartments or condos in Groveton were built after 1968.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.80% |
| One Bedroom | 18.70% |
| Two Bedrooms | 28.50% |
| Three Bedrooms | 26.90% |
| Four Bedrooms | 19.10% |
| Five Bedrooms or more | 3.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.75 |
| Median year structure was built | 1963 |
| Median Value of occupied units | $171,800 |
| Median Price asked for vacant units | $116,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.47 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $832 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 9.80% |
| Home Equity Loan | 11% |
| Simple Mortgage | 62.70% |
| Debt Free | 16.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.5% |
