Housing in Groton Long Point, CT is on the higher end of the spectrum compared to the national median value. The median value of a house in Groton Long Point is $891,000, which is more than double the national median value of $338,100. However, house appreciation year over year has been higher in Groton Long Point at 11.43%, slightly above the US average of 8.27%. This suggests that housing values are increasing rapidly in Groton Long Point and that it remains a desirable place to live with expensive real estate.
The median home cost in Groton Long Point is $891,000. Home appreciation the last 10 years has been 58.4%. Home Appreciation in Groton Long Point is up 13.4%.
Average Age of Homes
- The median age of Groton Long Point real estate is 73 years old
The Rental Market in Groton Long Point
- Renters make up 4.6% of the Groton Long Point population
- 2.4% of houses and apartments in Groton Long Point, 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.