Groveton, Virginia Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Groveton, Virginia rental market.
Groveton, Virginia
Average Apartment Rent
$1,906
Y-o-Y Change in Average
Apartment Rent
-6.1%
As of May 2026
Compared to a year ago, Groveton, Virginia apartments have recorded a -6.1% rent decrease.
Groveton, Virginia Average apartment rent trend
Groveton, Virginia Average Apartment Rent
Groveton, Virginia Apartment rent ranges
At 49.51%, apartments priced $1,500 - $2,000 represent the bulk of Groveton, Virginia rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.33%.
Groveton, Virginia Housing tenure**
Renters take up 43% of Groveton, Virginia real estate, occupying a total of 2,339 units, while homeowners live in 3,098 properties.
Median number of rooms of renter-occupied housing units**
3.7
Renter median household income**
$79,236
Average household size of renter-occupied housing units**
2.61
Rental vacancy rate**
3.7%
Groveton, Virginia Renter-occupied housing units by no. of bedrooms**
There are 989 rentals in Groveton, Virginia with 2 beds making up the highest share of the market, at 42%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 35 units. Overall, the median number of rooms in Groveton, Virginia homes for rent is 3.7.
Groveton, Virginia Renter-occupied units by age of householder**
Most condos for rent in Groveton, Virginia are occupied by residents in the 35 - 44 years age group (21%), followed by those in the 45 - 54 years age group (20%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 4%.
Groveton, Virginia Renter-occupied housing units by family type**
Groveton, Virginia Renter-occupied housing units by the presence of own children**
A total of 1,423 apartments for rent in Groveton, Virginia, or 61% of all rentals are family households. Additionally, 38% of rental homes include children under the age of 18 – that’s 896 units. All in all, the median size of a renter-occupied household in Groveton, Virginia is 2.61.
Groveton, Virginia Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 32% of the rental market. In contrast, residents with less than a high school degree reside in 15% of the homes for rent in Groveton, Virginia.
Groveton, Virginia Renter-occupied units by year structure built**
The highest share of Groveton, Virginia apartment rentals, namely 21% or 500 units, were Built 1960 - 1969, followed by those Built 1950 - 1959 (21%, 482 units), and the ones Built 1980 - 1989 (18%, 424 units).
Groveton, Virginia Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Groveton, Virginia renters (44%) moved in 2010 to 2017, while only 4% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Groveton, Virginia condos for rent is 2016.
Groveton, Virginia Renter-occupied housing units by vehicles available**
When it comes to transportation options, 50% of Groveton, Virginia renters have 1 vehicle available per household, 27% of them have 2 vehicles available, and 17% have No vehicle available.
Groveton, Virginia Means of transportation to work of householders living in renter-occupied housing units**
Groveton, Virginia Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Groveton, Virginia apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
