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Groveton

Learn about the people, housing, costs and businesses in Groveton, Texas

Median Home$113,423
Median Rent$776/month
Population868
Leading IndustriesInformation & Media · Manufacturing · Finance & Insurance11% information & media
Home Value Growth+2.9% over 2 years
Retirees30% of residentswell above average
Homeowners85% of occupied units
NotableVeteran Community16% of residents · top 1% nationally
NotableAffordable Market$113k median home · lower cost than 87% of the country
Groveton
TX

Frequently Asked Questions

What are today's mortgage rates in Groveton?

As of today, the 30-year fixed mortgage rate for Groveton is approximately 6.943% (6.981% 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 Groveton?

The median home value in Groveton is $113k. The median monthly rent is $776. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Groveton?

Home values in Groveton have increased 2.9% over the past two years. The market has been relatively stable. 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 Groveton?

Based on a typical all-in ownership cost of $610/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $26k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Groveton is $51k/year.

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What industries drive the economy in Groveton?

The largest employment sectors in Groveton are public administration (21%) and information and media (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.