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Housing in Groveland

A typical Groveland home is worth roughly $89,000

Typical home value
$89K
IL $298K
Estimate
2-bedroom rent
$930
a month, utilities in · HUD
Median tax bill
$1,945
IL $5,298

What kind of housing town is Groveland?

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

★ What stands out · Affordability

What it takes to buy in Groveland

Try your own numbers below.

You could afford about
$280,000
Typical Groveland home $89K

That covers a typical Groveland home, with $191K to spare.

The typical home, each month
$610
Loan $440Tax $150Insurance $30

A two-bedroom rents for about $930 a month here, $320 more than owning.

Where your budget reaches nearby

How Groveland ranks on affordability →

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Illinois typical property tax (2.01% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $930

Renters already here pay a median of $833, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$680
1 bedroom$730
2 bedrooms$930
3 bedrooms$1,240
4 bedrooms$1,430
23%
of households rent · IL 33%
16
renter households
$833
median rent paid today · Census

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

The homes

77% of Groveland households own their home

Half of Groveland’s homes were built before 1972.

Owners and renters
Own 77%Rent 23%

Illinois: 67% own.

1972
typical home built · IL 1971
$1,945
median property tax bill · IL $5,298
10%
of homes are seasonal or vacation homes

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

Next door

Groveland vs. its neighbors

Groveland is the least expensive of 4 neighboring towns. Tap one to see its housing page.

Compare more
TownTypical value1-yr change2-bed rentMedian income
Groveland$89K*—$930$73,750
Bennington$125K*—$950$70,608
Minonk$165K+6.2%$1,110$75,395
Long Point$176K+15.1%$960$122,614

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.

Neighbors talk housing

What Groveland buyers, sellers and renters are saying.

Town Square →
Weigh in
Is Groveland still affordable for young families?

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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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