The housing market in Groton, CT is doing well, with the median value of homes being $351,400, which is higher than the US house median value of $338,100. Furthermore, the 1 year appreciation rate for houses in Groton is 11.43%, which is higher than the national average rate of 8.27%. This suggests that Groton's housing market is outperforming the national average and likely has a bright future.
The median home cost in Groton is $351,400. Home appreciation the last 10 years has been 58.4%. Home Appreciation in Groton is up 13.4%.
Average Age of Homes
- The median age of Groton real estate is 45 years old
The Rental Market in Groton
- Renters make up 46.7% of the Groton population
- 2.0% of houses and apartments in Groton, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.