The Most Affordable Neighborhoods in Groton City, NY by Home Value

These days, finding an affordable place to live in the Groton City area can be challenging. Home prices in Groton City are now at a median cost of $151,101, lower than the New York average of $610,895.

The average cost of rent is $1,072/mo in Groton City, primarily driven by the current value of real estate in the Groton City area. In Groton City, 25.72% of households rent, and 42.40% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Groton City is $5,683 per month. Households that rent pay about 18.86% of their income on rent here. Groton City’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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