The housing market in Groton, SD is doing great. The median value of houses in the city is currently $178,900, which is much lower than the US median value of $338,100. Furthermore, the US 1 year house appreciation rate is 8.27%, but Groton’s rate is even higher at 14.45%. This shows that the housing market in Groton is booming and continues to be a great investment opportunity for potential homeowners or investors.
The median home cost in Groton is $178,900. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Groton is up 17.2%.
Average Age of Homes
- The median age of Groton real estate is 49 years old
The Rental Market in Groton
- Renters make up 17.0% of the Groton population
- 3.0% 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.