The housing market in 06340 Groton, CT is showing strong appreciation in the past year. The median value of a house in this area is $298,900, which is significantly lower than the national US House Median Value of $338,100. However, the 1 year house appreciation rate here is 11.43%, much higher than the 8.27% seen nationally. This makes 06340 Groton, CT an attractive option for prospective homebuyers looking to purchase in an area that still offers affordability but with significant potential for growth.
The median home cost in Groton (zip 06340) is $298,900. Home appreciation the last 10 years has been 58.4%. Home Appreciation in Groton (zip 06340) is up 13.4%.
Average Age of Homes
- The median age of Groton (zip 06340) real estate is 43 years old
The Rental Market in Groton (zip 06340)
- Renters make up 53.6% of the Groton (zip 06340) population
- 2.3% of houses and apartments in Groton (zip 06340), 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.