The Housing Market in Grove City Today
Grove City’s housing market in 2025 is shaped by its proximity to Columbus and major employers like the Mount Carmel Health System. As a growing suburb, Grove City attracts a mix of young professionals, families, and retirees seeking a small-town feel with easy access to the amenities of the Columbus metro area.
Compared to nearby cities like Hilliard and Dublin, Grove City offers more affordable housing options while still providing quality schools and a safe community. The city’s ongoing development, including new residential construction and commercial projects, has kept pace with the steady population growth seen across the region.
For those considering a move to Grove City, it’s important to understand the unique aspects of the local housing market. Property taxes and HOA fees can catch new residents by surprise, as they add to the overall cost of homeownership. Renters should also be aware of the competitive market for apartments, particularly in desirable neighborhoods near shopping and dining districts.
Renting in Grove City: Typical Costs and Trends
As of 2025, the typical rent for a 1-bedroom apartment in Grove City ranges from $900 to $1,200 per month, while a 2-bedroom unit averages between $1,100 and $1,500. These prices reflect the city’s growing popularity among young professionals and small families who appreciate the balance of affordability and amenities.
Renters in Grove City tend to gravitate towards neighborhoods like Pinnacle, with its newer apartment complexes and easy access to I-71, and the Town Center area, which offers walkable streets and local businesses. Prices in these areas may be slightly higher than the city average, but many residents find the convenience and community atmosphere worth the premium.
Commuters to Columbus can expect to pay more for rentals closer to the highway or with direct access to public transit lines. However, the trade-off in reduced transportation costs and travel time can make these locations attractive for those working downtown or in other parts of the metro area.
Owning a Home in Grove City: Prices, Taxes, and HOA Fees
The median home price in Grove City as of 2025 is around $350,000, reflecting a steady increase over the past few years. While still more affordable than some neighboring communities, this price point can be challenging for first-time buyers or those on a tight budget.
Property taxes in Franklin County, which includes Grove City, are assessed at a rate of 1.95%. For a home valued at $350,000, this translates to an annual tax bill of approximately $6,825. It’s crucial for potential buyers to factor in this ongoing expense when budgeting for a home purchase.
Many newer developments in Grove City, particularly in the Pinnacle and Scioto Meadows areas, have active homeowners’ associations (HOAs). These organizations charge monthly or annual fees to cover the maintenance of common areas, amenities like pools and playgrounds, and services such as trash removal and snow plowing. HOA fees in Grove City typically range from $200 to $400 per month, depending on the community and its offerings.
Apartment vs House in Grove City: Side-by-Side Costs
| Monthly Expense | Apartment (2BR) | House (3BR) |
|---|---|---|
| Rent/Mortgage Payment | $1,300 | $1,950 |
| Property Tax | N/A (included in rent) | $570 |
| Utilities | $150 | $250 |
| Insurance | $20 (renters) | $100 (homeowners) |
| HOA Fees | N/A | $300 |
| Maintenance/Repairs | N/A (landlord responsibility) | $200 |
| Monthly Total | $1,470 | $3,370 |
Utility & Upkeep Differences
Utility costs in Grove City are generally higher for houses than apartments due to the larger space and additional systems like HVAC and water heaters. Homeowners can expect to pay around $250 per month for electricity, gas, water, and sewer, while renters in a 2-bedroom apartment typically pay closer to $150.
Maintenance and repair costs are another key difference between renting and owning in Grove City. Renters are not responsible for most upkeep expenses, as these fall to the landlord. Homeowners, on the other hand, must budget for ongoing maintenance tasks like lawn care, gutter cleaning, and HVAC tune-ups, as well as unexpected repairs that can add hundreds or even thousands to the monthly budget.
5-Year Rent vs Buy Outlook
Over a 5-year period, the cost difference between renting and buying in Grove City becomes more pronounced. Assuming a 2-bedroom apartment at $1,470 per month and a 3-bedroom house at $3,370 per month (including mortgage, taxes, insurance, HOA fees, and maintenance), the total cost of renting would be approximately $88,200, while owning would cost $202,200.
However, it’s important to consider the potential for home appreciation and the building of equity when evaluating the long-term financial impact of buying. If home values in Grove City continue to rise at a steady pace, homeowners may see a significant return on their investment when it comes time to sell. Renters, while enjoying lower monthly costs and more flexibility, do not have the opportunity to build wealth through real estate.
FAQs About Housing Costs in Grove City
- How much are HOA fees in Grove City?
HOA fees in Grove City typically range from $200 to $400 per month, depending on the community and its amenities. - What is the property tax rate in Grove City?
The property tax rate in Franklin County, which includes Grove City, is 1.95% of the assessed home value. - Is renting cheaper than buying in Grove City long-term?
Over a 5-year period, renting in Grove City is generally cheaper than buying, with a total cost difference of around $114,000 for a 2-bedroom apartment vs. a 3-bedroom house. - Do houses have higher utility costs than apartments?
Yes, houses in Grove City typically have higher utility costs than apartments due to the larger space and additional systems like HVAC and water heaters. - What’s the monthly cost difference between apartments and houses in Grove City?
The monthly cost difference between a 2-bedroom apartment and a 3-bedroom house in Grove City is approximately $1,900, factoring in rent/mortgage, taxes, insurance, HOA fees, and maintenance.
Making Smart Housing Choices in Grove City
When deciding whether to rent or buy in Grove City, it’s essential to consider your long-term goals and financial situation. While renting offers flexibility and lower monthly costs, buying a home can be a smart investment for those planning to stay in the area for several years or more. Be sure to factor in all the expenses associated with each option, including property taxes, HOA fees, and maintenance costs, to get a true picture of the overall affordability.
It’s also important to think about your lifestyle preferences and housing needs. Do you value the amenities and sense of community that come with living in an apartment complex or HOA neighborhood? Or do you prefer the privacy and space of a single-family home? Consider factors like your commute, access to schools and services, and proximity to local attractions when choosing a neighborhood or development.
For a more detailed look at the cost of living in Grove City, check out our guides on how much it costs to live in Grove City each month and the full 2025 cost of living breakdown. And if you’re planning a move to the area, see our 2025 moving company picks for trusted providers that can help make your transition seamless.