Groton, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Groton, MA Real Estate Data


Groton Housing Market Information

With a population of 11,296, 4,014 total housing units (homes and apartments), and a median house value of $482,215, real estate costs in Groton are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Massachusetts communities.

Single-family detached homes are the single most common housing type in Groton, accounting for 85.07% of the town's housing units. Other types of housing that are prevalent in Groton include duplexes, homes converted to apartments or other small apartment buildings ( 6.57%), large apartment complexes or high rise apartments ( 4.72%), and a few row houses and other attached homes ( 3.64%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Groton. Owner-occupied housing accounts for 83.86% of Groton's homes, and 71.60% have either three or four bedrooms, which is average sized relative to America.

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 ( 19.91%). A lesser amount of the housing stock also hails from before 1939 ( 18.33%). There's also some housing in Groton built between 2000 and later ( 14.55%).

Groton Home Appreciation Rates

Real estate appreciation rates in Groton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.08% during the period.

NeighborhoodScout's data show that during the latest twelve months, Groton's appreciation rate, at 5.52%, has been at or slightly above the national average. In the latest quarter, Groton's appreciation rate has been 1.57%, which annualizes to a rate of 6.42%.

Relative to Massachusetts, our data show that Groton's latest annual appreciation rate is higher than 50% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$482,215

Groton, MA HOME PRICES

Value Range
> $1,144,000 0.7
$858,001 - $1,144,000 3.9
$572,001 - $858,000 27.8
$457,001 - $572,000 23.4
$343,001 - $457,000 22.9
$229,001 - $343,000 18.8
$115,001 - $229,000 1.0
$57,001 - $115,000 0.0
$0 - $57,000 1.6

High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
6.7049247525912 28.8461538461538

Number Of Homes And Apartments:
4,014

Rent & Ownership

 

Average Market Rent:
$1,696 / per month

Homeownership Rate

Homeownership
Owners 83.86
Renters 16.14
Vacant 5.77

Housing Market Details

 

Age of Homes

AGE OF Groton HOMES
2000 or Newer 14.6
1970 - 1999 47.2
1940 - 1969 19.9
1939 or Older 18.3

Types of Homes

TYPE OF Groton HOMES
Single-Family 85.1
Townhomes 3.6
Small Apt. Buildings 6.6
Apt. Complexes 4.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Groton HOMES
No Bedroom 0.68
1 Bedroom 4.95
2 Bedrooms 16.95
3 Bedrooms 32.46
4 Bedrooms 39.13
5 or more bedrooms 5.82

Groton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
33.55% 1.72% 2 4
* 10 is highest

Popular Neighborhoods in Groton

Zip Codes in Groton, MA