Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Groveville

Learn about the people, housing, costs and businesses in Groveville, New Jersey

Median Home$470,200
Median Rent$1,845/month
Population2,891
Leading IndustriesTransportation · Wholesale Trade · Arts, Food & Hospitality11% transportation
Home Value Growth⬆⬆⬆+27.3% over 2 years
Retirees29% of residentswell above average
Homeowners90% of occupied units
NotableAmenity Score75/100 · highly walkable area
NotableHigh Incomes$119k/year · top 9% nationally
Groveville
NJ

Frequently Asked Questions

What are today's mortgage rates in Groveville?

As of today, the 30-year fixed mortgage rate for Groveville is approximately 6.842% (6.876% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Groveville
What is the median home price in Groveville?

The median home value in Groveville is $470k. The median monthly rent is $1,845. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Groveville?

Home values in Groveville have increased 27.3% 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 Groveville?

Based on a typical all-in ownership cost of $2,064/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $88k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Groveville is $119k/year.

Calculate your buying power
What industries drive the economy in Groveville?

The largest employment sectors in Groveville are public administration (24%) and wholesale trade (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.