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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 Type1.50%
One Bedroom23%
Two Bedrooms16.20%
Three Bedrooms17.30%
Four Bedrooms24.30%
Five Bedrooms or more17.70%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.62
Median year structure was built1939
Median Value of occupied units$271,400
Median Price asked for vacant units$450,000

Rented Homes, Apartments and Condos

Average Household Size1.92
Median year structure was built1939
Median Monthly Rent asked for vacant units$99

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage12.50%
Home Equity Loan14.20%
Simple Mortgage35.80%
Debt Free37.50%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs16.5%