Groton, CT 06355 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Groton, CT—06355

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$592,000

6.3% YoY Growth

Household Income

$132,000

43.4% YoY Growth

Days on Market

25.0% Shorter YoY

Home Price Forecast

3.0%

Median Rent

$2,900

10.3% YoY Growth

1-Bed Rent

$2,700

N/A

2-Bed Rent

$2,100

8.3% YoY Growth

3-Bed Rent

$4,000

N/A

Other Zip Codes in Groton, CT

06340

Home Price Trends — Groton, CT

As of May '26, the median home price in Groton, CT is $592,000, with a year-over-year change of 6.3%. This indicates that home prices in Groton, CT are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$592,000	6.3%
Single Family	$585,000	6.2%
Condos	$650,000	10.5%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

7.2%

1 Bedroom

35.0%

2 Bedrooms

29.5%

3 Bedrooms

24.3%

4 Bedrooms

4.0%

Property Listings — Groton, CT

As of May '26, Realtor.com reports that the median days on market for a home in Groton, CT is 28. This is a decrease of -25.0% from last year, suggesting that homes are sitting on the market shorter 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	$887,000	17.0%
Listing Count	63	-6.0%
Listings as % of Homes	0.6%	-6.0%
Days on Market	28	-25.0%

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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%

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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%

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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%

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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

Groton, CT—06355

Key Metrics at a Glance

Other Zip Codes in Groton, CT

Home Price Trends — Groton, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Groton, CT

% of Rental Stock

Property Listings — Groton, CT

Demographics — Groton, CT

Race and Ethnicity

Mortgage and Risk — Groton, CT

Mortgages

Rentals and Section 8 — Groton, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Groton, CT

Home Price to Income Ratio

Groton, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Stonington, CT

Groton, CT

Ledyard, CT

Ledyard, CT

Stonington, CT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.6
Median Home Price	$592,000
Median Household Income	$132,000

Groton, CT—06355

Key Metrics at a Glance

Other Zip Codes in Groton, CT

Home Price Trends — Groton, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Groton, CT

% of Rental Stock

Property Listings — Groton, CT

Demographics — Groton, CT

Race and Ethnicity

Mortgage and Risk — Groton, CT

Mortgages

Rentals and Section 8 — Groton, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Groton, CT

Home Price to Income Ratio

Groton, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Stonington, CT

Groton, CT

Ledyard, CT

Ledyard, CT

Stonington, CT

Frequently Asked Questions

What is the average home price in Groton, CT 06355?

How have home prices in Groton, CT 06355 changed over the past year?

What is the home price projection for Groton, CT 06355?

What are the demographics of Groton, CT 06355?

How long does it take homes to sell in Groton, CT 06355?

What is the average rent price in Groton, CT 06355?