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Grove Hill

Learn about the people, housing, costs and businesses in Grove Hill, Alabama

Median Home$122,000
Median Rent$809/month
Population1,811
Leading IndustriesInformation & Media · Finance & Insurance · Retail12% information & media
Home Value Growth+4.9% over 2 years
Retirees23% of residentsslightly above average
Homeowners74% of occupied units
NotableAffordable Market$122k median home · lower cost than 84% of the country
Grove Hill
AL

Frequently Asked Questions

What are today's mortgage rates in Grove Hill?

As of today, the 30-year fixed mortgage rate for Grove Hill is approximately 6.987% (7.029% 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 Grove Hill?

The median home value in Grove Hill is $122k. The median monthly rent is $809. Annual property taxes average $359. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Grove Hill?

Home values in Grove Hill have increased 4.9% over the past two years. This represents moderate growth. 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 Grove Hill?

Based on a typical all-in ownership cost of $707/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Grove Hill is $51k/year.

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What industries drive the economy in Grove Hill?

The largest employment sectors in Grove Hill are public administration (18%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.