Groton, MA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Groton, MA Housing Market Trends

With 11,325 people, 4,071 houses or apartments, and a median cost of homes of $541,474, real estate costs in Groton are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Massachusetts communities.

Single-family detached homes are the single most common housing type in Groton, accounting for 83.82% of the town's housing units. Other types of housing that are prevalent in Groton include duplexes, homes converted to apartments or other small apartment buildings ( 7.37%), large apartment complexes or high rise apartments ( 5.26%), and a few row houses and other attached homes ( 3.55%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Groton. Owner-occupied housing accounts for 84.59% of Groton's homes, and 70.67% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Groton built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Groton built between 1940-1969 ( 18.17%). A lesser amount of the housing stock also hails from before 1939 ( 18.15%). There's also some housing in Groton built between 2000 and later ( 18.13%).

Groton Home Appreciation Rates

Appreciation rates for homes in Groton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 32.30%, which ranks in the top 50% nationwide. This equates to an annual average Groton house appreciation rate of 2.84%.

Over the last year, Groton appreciation rates have trailed the rest of the nation. In the last twelve months, Groton's appreciation rate has been 5.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Groton were at 2.11%, which equates to an annual appreciation rate of 8.69%.

Relative to Massachusetts, our data show that Groton's latest annual appreciation rate is lower than 60% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$541,474

Groton, MA HOME PRICES

> $1,175,000
1.4%
1.4%
$881,001 - $1,175,000
6.9%
6.9%
$587,001 - $881,000
35.0%
35.0%
$470,001 - $587,000
26.0%
26.0%
$353,001 - $470,000
15.7%
15.7%
$235,001 - $353,000
11.7%
11.7%
$117,001 - $235,000
1.9%
1.9%
$59,001 - $117,000
0.5%
0.5%
$0 - $59,000
1.1%
1.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for MA

Value Relative To Nation

Number Of Homes And Apartments:
4,071

Groton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
57.61% 2.19%
1
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,756 / per month

Homeownership Rate

Owners
84.6%
84.6%
Renters
15.4%
15.4%
Vacant
4.4%
4.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
18.1%
18.1%
1970 - 1999
45.6%
45.6%
1940 - 1969
18.2%
18.2%
1939 or Older
18.1%
18.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
83.8%
83.8%
Townhomes
3.5%
3.5%
Small Apt. Buildings
7.4%
7.4%
Apt. Complexes
5.3%
5.3%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.0%
2.0%
1 Bedroom
5.0%
5.0%
2 Bedrooms
14.4%
14.4%
3 Bedrooms
35.5%
35.5%
4 Bedrooms
35.2%
35.2%
5 or more bedrooms
7.9%
7.9%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Groton

Zip Codes in Groton, MA