Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Groton area can be challenging. Home prices in Groton are now at a median cost of $198,862, lower than the Connecticut average of $357,181.
The average cost of rent is $1,244/mo in Groton, primarily driven by the current value of real estate in the Groton area. While nearly 37.32% of residents own their homes outright in Groton, 50.94% rent.
Housing affordability isn’t just about home prices, though. The average household income in Groton is $6,374 per month. Households that rent pay about 19.52% of their income on rent here. Groton's most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Conning Towers Nautilus Park, CT: higher priced homes
- New London, CT: less expensive homes
- Noank, CT: higher priced homes
- Groton Long Point, CT: higher priced homes
- Mystic, CT: higher priced homes
- Pleasure Beach, CT: higher priced homes
- Waterford, CT: higher priced homes
- Quaker Hill, CT: higher priced homes
- Gales Ferry, CT: higher priced homes
- Fishers Island, NY: higher priced homes
Cities with Similar Populations
- Woodinville, WA: higher priced homes
- Alpine, CA: higher priced homes
- Alsip, IL: less expensive homes
- Altoona, IA: higher priced homes
- Alum Rock, CA: higher priced homes
- Anna, TX: higher priced homes
- Bay City, TX: less expensive homes
- North Bay Shore, NY: higher priced homes
- Olivehurst, CA: higher priced homes
- Old Jamestown, MO: equally priced homes
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