Groton, CT—06355
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Groton, CT
Home Price Trends — Groton, CT
As of Oct '25, the median home price in Groton, CT is $554,000, with a year-over-year change of 3.3%. This indicates that home prices in Groton, CT are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $554,000 | 3.3% |
| Single Family | $547,000 | 2.8% |
| Condos | $616,000 | 6.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $485,000 | 1.5% |
3 Bed | $521,000 | 3.2% |
4 Bed | $662,000 | 4.6% |
| 5 Bed | $954,000 | 6.0% |
% of Housing Stock
Rental Trends — Groton, CT
As of July '25, Rentcast reports the average rent in Groton, CT is $3,310, with a year-over-year rent change of 10.3%. Per bedroom, the median rent as of July '25 in Groton, CT is 1-bedrooms: $2,690, 2-bedrooms: $2,750, 3-bedrooms: $4,940, 4-bedrooms: $3,980. The most common rental property sizes in Groton, CT are 1-bedroom and 2-bedroom, accounting for 35.0% and 29.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,900 | $3,310 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,700 | $2,690 |
| 2 Bed Rent | $2,100 | $2,750 |
| 3 Bed Rent | $4,000 | $4,940 |
| 4 Bed Rent | $3,600 | $3,980 |
% of Rental Stock
Property Listings — Groton, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Groton, CT is 44. This is a increase of 39.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $899,000 | -5.0% |
Listing Count | 62 | 2.0% |
| Listings as % of Homes | 0.6% | 2.0% |
Days on Market | 44 | 39.0% |
Demographics — Groton, CT
As of the latest ACS Survey released in 2023, Groton, CT has a population of 12,200, which has decreased by -1.7% over the past 5 years. Groton, CT is a moderately popular place for families, as children make up 15.3% of the population. The area has a highly educated workforce, with 57.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,200 | -1.7% |
% Under 18 | 15.3% | -8.9% |
% Seniors | 31.1% | 21.5% |
% WFH | 17.0% | 109.9% |
% w/ College Degree | 57.5% | 6.9% |
As of the latest ACS Survey released in 2023, Groton, CT is a predominantly white area, with 83.3% of the population identifying as white. The white population has shrunk by 6.5% in the last 5 years. The second most common race or ethnicity in Groton, CT is asian, making up 3.9% of the population. Foreign-born residents account for 7.3% of the population in Groton, CT, and this percentage has increased by 1.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 83.3% | -6.5% |
% Black | 2.0% | -13.0% |
% Hispanic | 2.4% | -50.0% |
% Asian | 3.9% | 77.3% |
% Foreign Born | 7.3% | 1.4% |
Mortgage and Risk — Groton, CT
According to HUD data as of 2023, there were 242 mortgage originations in Groton, CT, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Groton, CT. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 242 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 1.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Groton, CT
As of 2024, the percent of homes in Groton, CT under the Section 8 program is 0.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Groton, CT, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,160 | $2,700 | $1,540 |
| 2 Bedroom | -$210 | $2,100 | $1,890 |
| 3 Bedroom | -$1,550 | $4,000 | $2,450 |
| 4 Bedroom | -$430 | $3,600 | $3,170 |
Affordability — Groton, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $554,000 |
| Median Household Income | $132,000 |