The story of this market
The typical home in Groton, Connecticut sells for about $386,000, or $273 per square foot.
Prices are down 1.5% from a year ago, which gives buyers more room to negotiate. Homes take about 46 days to sell. HUD's fair market rent for a two-bedroom is $2,007 a month.
Monthly price momentum
Home values since 2015
+5.6%
CT · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Groton, Connecticut
Groton is experiencing a robust seller's market driven by significant defense-sector expansion and high housing demand. While inventory remains tight, the town is actively planning for substantial new residential development to accommodate workforce growth. The market is characterized by rising values and strong rental demand, reflecting the town's economic vitality.
No ARED county foreclosure postings attributed to Groton yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 3 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 15.0% year over year.
Homes spend a median of 29 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 102.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 10.7% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A coastal reserve offering hiking trails and beach access, serving as a major natural amenity for residents.
The world's first nuclear-powered submarine, serving as a historic landmark and major tourist attraction.
A vital waterway that defines the city's geography and supports both industrial and recreational activities.
Groton is well-suited for defense industry professionals, families seeking coastal living, and investors looking to capitalize on the housing demand generated by major local employers.
The town is served by the Groton Public Schools system, which provides a range of educational services for the community's diverse student population.
The city is served by major highway corridors and is positioned within the Southeastern Connecticut region, facilitating commutes to nearby employment hubs.
Groton offers extensive recreational opportunities including access to the Thames River, Bluff Point State Park, and various coastal parks that support a high quality of life.
The rental market is characterized by high demand driven by the defense industry workforce, with rents currently trending above regional and state averages.
The economy is anchored by the manufacturing sector, specifically defense-related production, with Electric Boat serving as the primary employer.
The local economy is heavily influenced by the defense manufacturing sector, particularly the expansion of Electric Boat, which is driving significant demand for new housing and infrastructure.
The town has identified a significant need for new housing units through 2030 to accommodate workforce growth, with various residential projects in the planning pipeline.
The town operates under a council-manager form of government and is served by the Ledge Light Health District.
Groton's coastal location along the Thames River and Long Island Sound necessitates ongoing attention to flood risk and storm surge management.
Coastal property insurance premiums in Groton are influenced by flood and wind hazard exposure typical of the Connecticut shoreline.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Connecticut) — Municipal Real Property Tax Assessment & Mill Rate Mechanics: Under C.G.S. § 12-62a, all taxable real property is assessed uniformly at a mandatory 70% assessment ratio of its fair market value (FMV). Real property tax is computed annually using the formula: Assessed Value = Fair Market Value × 0.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 12.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from US Census Bureau and Data USA profiles.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.