Market Overview
Home Prices in Groveoak, AL
The median home value in Groveoak, AL is $240,785 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.9% compared to a year ago and up 5.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Groveoak are priced41% below average. Groveoak is part of the Fort Payne, AL metro area.
Over the past five years, Groveoak home values have risen by approximately18.7%, reflecting steady appreciation in this market.
Price History
Groveoak Home Price Trend
City Comparison
Groveoak vs. National Median
At $240,785, homes in Groveoak cost 41% below the national median of $410,000. This makes Groveoak a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Groveoak?
20% Down Payment
$48,157
on $240,785
Monthly P&I
$1,256/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,595/mo
incl. taxes & insurance
Income Needed
$63,800
gross annual (30% rule)
10% Down Option
$24,079
+ PMI applies
Loan Amount (20% dn)
$192,628
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Groveoak, AL?
The median home value in Groveoak is $240,785 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.9% year-over-year.
How much have home prices changed in Groveoak?
Over the past year, home values in Groveoak have increased by 3.9%. Over five years, prices have risen approximately 18.7%.
How much do I need to earn to buy a home in Groveoak?
To comfortably afford the median home price of $240,785 with a 20% down payment ($48,157) at today's rates (6.8%), you'd need a gross annual income of approximately $63,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Groveoak compare to the national average home price?
The national median home value is approximately $410,000. At $240,785, homes in Groveoak are 41% below the national average.
What metro area is Groveoak part of?
Groveoak is part of the Fort Payne, AL metropolitan area. Home prices and market conditions can vary across the broader metro region.