Groton, MA Real Estate
According to census data in the year 2000 there were 452 housing units in Groton.
This represents a 14.7% growth from 394 in 1990.
Of those housing units, 305 were located in either urbanized areas or urban clusters, and 147 were located in what is classified as a rural area.
Homeownership rate in Groton is about 59.7%.
Groton's vacancy rate, including seasonal lodging, is about 2.2%.
Average household size is 2.33 people.
The majority of houses, apartments or condos in Groton were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.50% |
| One Bedroom | 23% |
| Two Bedrooms | 16.20% |
| Three Bedrooms | 17.30% |
| Four Bedrooms | 24.30% |
| Five Bedrooms or more | 17.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.62 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $271,400 |
| Median Price asked for vacant units | $450,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.92 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $99 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 12.50% |
| Home Equity Loan | 14.20% |
| Simple Mortgage | 35.80% |
| Debt Free | 37.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.5% |
