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Loxahatchee Groves

Learn about the people, housing, costs and businesses in Loxahatchee Groves, Florida

Median Home$567,194
Median Rent$1,971/month
Population3,321
Leading IndustriesHealthcare · Wholesale Trade · Arts, Food & Hospitality16% healthcare
Home Value Growth⬆⬆+20.9% over 2 years
Retirees23% of residentsslightly above average
Homeowners89% of occupied units
NotableHigh Incomes$117k/year · top 10% nationally
Loxahatchee Groves
FL

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Frequently Asked Questions

What are today's mortgage rates in Loxahatchee Groves?

As of today, the 30-year fixed mortgage rate for Loxahatchee Groves is approximately 6.818% (6.851% 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 Loxahatchee Groves
What is the median home price in Loxahatchee Groves?

The median home value in Loxahatchee Groves is $567k. The median monthly rent is $1,971. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Loxahatchee Groves?

Home values in Loxahatchee Groves have increased 20.9% 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 Loxahatchee Groves?

Based on a typical all-in ownership cost of $2,100/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $90k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Loxahatchee Groves is $117k/year.

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What industries drive the economy in Loxahatchee Groves?

The largest employment sectors in Loxahatchee Groves are public administration (20%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.