Grove, OK

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Grove short-term rental market based on reliable data.

Listings

142 / 257

Reliable / Active

Cap Rate

7%

Middle-Earners Gross Yield

Revenue

$21,815

Middle-Earners Revenue

Occupancy

45%

Middle-Earners Occupancy

Home Value

$300,508

Median Home Sale Price

Top Earners

$51,990

Top-Earners Revenue

Grove

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Grove.

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B

Generally Investor friendly

Grove Regulations

Grove explicitly permits STRs citywide, with clear and manageable steps (VRH permit $250 + $100 renewal, optional $200 SUP, basic safety/inspection), but a 5% citywide cap, annual inspections, and special-use requirements in some districts add moderate compliance complexity without outright prohibitions.

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About Grove

Grove is a small city in Delaware County, in the northeastern corner of Oklahoma, with a population of roughly seven thousand residents. It sits along the southwestern shore of Grand Lake O' the Cherokees, one of Oklahoma's largest reservoirs, and serves as the principal commercial and tourism hub for the lake region. The town has a relaxed, small-town character that swells into a busier resort atmosphere during the warmer months when visitors arrive for boating, fishing, and lakeside getaways. Grove lies approximately eighty miles northeast of Tulsa and roughly two hundred miles from Oklahoma City, making it a regional destination rather than a major urban stop.

Grand Lake O' the Cherokees is the defining feature of the area and the reason most visitors come to Grove. The lake covers about forty-six thousand surface acres of clear water threaded by coves, peninsulas, and wooded shoreline, and it has long been regarded as one of the top bass-fishing lakes in the country. Marinas, public boat ramps, lakeside restaurants, and waterfront neighborhoods are scattered along the shore within a short drive of downtown Grove, and the lake's scale means there is room for both serious anglers and casual boaters.

A short drive east of town, Har-Ber Village is a recreated pioneer-era settlement built on a peninsula jutting into the lake. It features dozens of original and reconstructed nineteenth-century buildings, many of them log cabins, schools, and trading posts that were relocated to the site from across the region, and it functions as an open-air museum of frontier life in eastern Oklahoma. Closer to central Grove, Lendonwood Gardens is a compact botanical garden with themed collections that include a Japanese garden, a Native American garden, and a fern-filled valley, giving visitors a quieter, walkable counterpoint to the lake's larger-scale recreation.

The surrounding landscape adds to the appeal. The Ozark highlands of Oklahoma and Arkansas roll out in every direction, and nearby Honey Creek State Park, located on the lake's western arm, offers campgrounds, hiking trails, and additional shoreline access within about a fifteen-minute drive of Grove. The broader region also includes small historic towns, scenic byways, and opportunities for hunting and wildlife watching in the woods beyond the lake.

Grove's draw is straightforward: a small, friendly town wrapped around a big, activity-filled lake, with enough nearby outdoor variety to keep guests busy for several days. That combination of waterfront recreation, scenic Ozark setting, and accessibility from Tulsa and Kansas City makes the area a natural fit for short-term rental owners looking to serve families, anglers, and seasonal lake-goers throughout the year.

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