Groton, CT Real Estate
According to census data in the year 2000 there were 4,547 housing units in Groton.
This represents a 1.5% growth from 4,479 in 1990.
Of those housing units, 4,547 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Groton is about 39.7%.
Groton's vacancy rate, including seasonal lodging, is about 7%.
Average household size is 2.2 people.
The majority of houses, apartments or condos in Groton were built after 1958.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.60% |
| One Bedroom | 19.40% |
| Two Bedrooms | 44.40% |
| Three Bedrooms | 22.40% |
| Four Bedrooms | 8% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.45 |
| Median year structure was built | 1953 |
| Median Value of occupied units | $124,300 |
| Median Price asked for vacant units | $89,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.04 |
| Median year structure was built | 1963 |
| Median Monthly Rent asked for vacant units | $629 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 7.30% |
| Home Equity Loan | 8.20% |
| Simple Mortgage | 49.10% |
| Debt Free | 35.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.3% |
