The housing market in Groton, NY is performing well above the national average. The median value of a home in Groton is $200,200 compared to the US median value of $338,100. In addition, the one year house appreciation rate in Groton is 11.40%, which is significantly higher than the US one year house appreciation rate of 8.27%. This indicates that homeowners in Groton are likely to be able to take advantage of rising property values over time.
The median home cost in Groton is $200,200. Home appreciation the last 10 years has been 62.6%. Home Appreciation in Groton is up 12.9%.
Average Age of Homes
- The median age of Groton real estate is 69 years old
The Rental Market in Groton
- Renters make up 26.1% of the Groton population
- 0.9% 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.