According to statistics, the population in Grove, OK amounts to 6,791, which shows growth 1% compared to the previous year. The median age of the city’s residents is 55. The average household income is $40,435, shifting growth 3% from the past year, and the average property value in Grove, OK growth 6% to $160,000 throughout the year.
|Number Of Employees||2,395|
|Median Property Value||$160,000|
The average household income in Grove, OK grew from $39,321 to $40,435 in the past year. This data is an estimate based upon 3,172 households in Grove, OK . The chart below presents how household income is distributed in Grove, OK in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Grove, OK shifted from $150,700 to $160,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Grove, OK in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Grove, OK properties falls in the '$150,000 to $174,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Grove, OK compared to median property taxes around the country. The prevalent amount of property taxes in Grove, OK equals $1150, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$139,000||-60.1%|
|1 bed for sale||$169,000||N/A|
|2 bed for sale||$303,180||+30.5%|
|3 bed for sale||$456,043||+36.6%|
|4+ bed for sale||$361,025||+30.6%|
During Jul 2022, the average price for an apartment in/near Grove, OK increased by 35.1% to $398,228.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $169,000 with no changes this month. Asking price for 2-bed apartment also increased by 30.5% and a place of this size will now cost you $303,180. A 3-bed apartment goes for $456,043, it increased by 36.6% lately. We discerned the rise of 4- and more bed apartment price. It increased by 30.6% and made it up to $361,025.
|Listing Type||Jul||vs Last Month|
|Apartments for sale||$139,000||-70.6%|
|Houses for sale||$467,923||+43.8%|
|Land for sale||$187,190||+33%|
|Condos for sale||$305,000||N/A|
The average cost of an apartment in Grove, OK decreased by 70.6% to $139,000. Price reports demonstrate that house price increased by 43.8% this month making it up to $467,923. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $305,000.