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Groesbeck

Learn about the people, housing, costs and businesses in Groesbeck, Ohio

Median Home$216,846
Median Rent$1,190/month
Population7,377
Leading IndustriesInformation & Media · Finance & Insurance · Retail9% information & media
Home Value Growth⬆⬆⬆+23.2% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners62% of occupied units
NotableAmenity Score79/100 · highly walkable area
Groesbeck
OH

Frequently Asked Questions

What are today's mortgage rates in Groesbeck?

As of today, the 30-year fixed mortgage rate for Groesbeck is approximately 7.042% (7.083% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Groesbeck?

The median home value in Groesbeck is $217k. The median monthly rent is $1,190. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Groesbeck?

Home values in Groesbeck have increased 23.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Groesbeck?

Based on a typical all-in ownership cost of $1,184/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $51k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Groesbeck is $68k/year.

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What industries drive the economy in Groesbeck?

The largest employment sectors in Groesbeck are retail (16%) and public administration (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.