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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 Type2.80%
One Bedroom18.70%
Two Bedrooms28.50%
Three Bedrooms26.90%
Four Bedrooms19.10%
Five Bedrooms or more3.80%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.75
Median year structure was built1963
Median Value of occupied units$171,800
Median Price asked for vacant units$116,300

Rented Homes, Apartments and Condos

Average Household Size2.47
Median year structure was built1970
Median Monthly Rent asked for vacant units$832

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage9.80%
Home Equity Loan11%
Simple Mortgage62.70%
Debt Free16.20%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs19.5%