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Housing in Grove

A typical Grove home is worth roughly $250,000

Typical home value
$250K
IL $298K
Estimate
2-bedroom rent
$940
a month, utilities in · HUD
Median tax bill
$3,451
IL $5,298

What kind of housing town is Grove?

Read from the numbers below. The page puts what stands out first.

★ What stands out · Affordability

A typical home costs 2.6 years of income

Less than across Illinois (3.6 years). Try your own numbers below.

You could afford about
$354,000
Typical Grove home $250K

That covers a typical Grove home, with $104K to spare.

The typical home, each month
$1,600
Loan $1,240Tax $290Insurance $70

A two-bedroom rents for about $940 a month here, $660 less than owning.

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Grove’s typical property tax (1.38% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

91% of Grove households own their home

Half of Grove’s homes were built before 1972.

Owners and renters
Own 91%Rent 9%

Illinois: 67% own.

1972
typical home built · IL 1971
$3,451
median property tax bill · IL $5,298
1.38%
of a home’s value, a year in tax · IL 2.01%

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Renting

A two-bedroom rents for about $940

Fair Market Rent a month, utilities included

Studio$680
1 bedroom$740
2 bedrooms$940
3 bedrooms$1,150
4 bedrooms$1,440
9%
of households rent · IL 33%

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Cumberland County, IL): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Grove vs. its neighbors

Grove is the 2nd priciest of 6 neighboring towns. Tap one to see its housing page.

Compare more
TownTypical value1-yr change2-bed rentMedian income
Grove$250K*—$940$96,607
Crooked Creek$284K*—$920$121,250
Wade$120K*—$920$64,167
North Muddy$95K*—$1,010$66,964
St. Francis$172K*—$920$81,607
Spring Point$207K*—$940$90,430

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

On the market in Grove

Listed in the past 60 days. Each opens on the listing site.

Neighbors talk housing

What Grove buyers, sellers and renters are saying.

Town Square →
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Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.

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