Groton, CT

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Groton, CT Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Groton Housing Market Information

With a population of 29,472, 16,002 total housing units (homes and apartments), and a median house value of $263,945, Groton real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Groton, accounting for 45.51% of the town's housing units. Other types of housing that are prevalent in Groton include large apartment complexes or high rise apartments ( 25.00%), duplexes, homes converted to apartments or other small apartment buildings ( 17.87%), and a few row houses and other attached homes ( 8.59%).

People in Groton primarily live in small (one, two or no bedroom) single-family detached homes. Groton has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Groton built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Groton built between 1940-1969 ( 30.99%). A lesser amount of the housing stock also hails from before 1939 ( 15.26%). There's also some housing in Groton built between 2000 and later ( 13.45%).

Vacant housing appears to be an issue in Groton. Fully 11.46% of the housing stock is classified as vacant. Left unchecked, vacant Groton homes and apartments can be a drag on the real estate market, holding Groton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Groton Home Appreciation Rates

Groton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Groton during the period has been just -0.22%, which is lower than 80% of US communities.

Appreciation rates are so strong in Groton that despite a nationwide downturn in the housing market, Groton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Groton appreciation rates continue to be some of the highest in America, at 7.24%, which is higher than appreciation rates in 77.02% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Groton. Groton appreciation rates in the latest quarter were at 3.39%, which equates to an annual appreciation rate of 14.28%.

Importantly, NeighborhoodScout’s exclusive research found that Groton's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Connecticut, our data show that Groton's latest annual appreciation rate is higher than 80% of the other cities and towns in Connecticut.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Groton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Groton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Groton real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,167,000 1.8
$876,001 - $1,167,000 3.3
$584,001 - $876,000 7.9
$467,001 - $584,000 7.2
$350,001 - $467,000 14.7
$233,001 - $350,000 27.1
$117,001 - $233,000 28.7
$59,001 - $117,000 4.2
$0 - $59,000 5.2

Low for CT
High for Nation

Value Relative to Nation Value Relative to State
24.2627737226277 66.2721893491124

Number Of Homes And Apartments:

Groton Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
53.69% 2.26%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,437 / per month

Homeownership Rate

Owners 42.46
Renters 57.54
Vacant 11.46

Housing Market Details


Age of Homes

2000 or Newer 13.4
1970 - 1999 40.3
1940 - 1969 31.0
1939 or Older 15.3

Types of Homes

Single-Family 45.5
Townhomes 8.6
Small Apt. Buildings 17.9
Apt. Complexes 25.0
Mobile Homes 3.0
Other 0.0

Home Size

No Bedroom 2.05
1 Bedroom 15.77
2 Bedrooms 32.40
3 Bedrooms 35.55
4 Bedrooms 12.30
5 or more bedrooms 1.92