Home prices
The median home price in Groton is $221,800. Compared to the surrounding areas this is about $114,280 (34%) lower.In comparison to the entire nation it is about $4,300 (1%) higher, and compared to the city of Boston is approximately $310,900 (58%) lower.
Rents
Groton's median rent is $1,014 per month. It is about $324 (24%) lower in comparison to its surrounding areas.It is approximately $48 (4%) lower in comparison to the entire nation, and is roughly $606 (37%) lower compared to the city of Boston.
Nearby places
New London
New London is Groton's neighbor to the northwest. Real estate prices there are a bit less expensive. The median home in New London costs $181,900, which is $39,900 (21%) lower than Groton. Rent there is fairly similar. In New London the median monthly rent is $987, which works out to $27 (2%) lower than Groton.
Poquonock Bridge
Poquonock Bridge is approximately 2 miles east of Groton. Its real estate prices are a lot less expensive. The median home in Poquonock Bridge costs $153,200, which is $68,600 (44%) lower than Groton. The rent there is somewhat more expensive. Poquonock Bridge's median rent is $1,158 per month, which comes out to $144 (12%) higher than Groton.
Waterford
Waterford is roughly 2 miles west from Groton. Housing prices there are a bit less expensive. The cost of the median home in Waterford is $197,600, which works out to $24,200 (12%) lower than Groton. The rent there is a little more expensive. Waterford's median monthly rent is $1,187, which comes out to $173 (14%) higher than Groton.
Groton Long Point
Groton Long Point is roughly 3 miles southeast of Groton. Its real estate prices are a lot more expensive. The median home in Groton Long Point is valued at $730,800, which is $509,000 (69%) higher than Groton. Rents there are substantially more expensive. Groton Long Point's median rent is $2,357 per month, which comes out to $1,343 (56%) higher than Groton.
Noank
Noank is about 3 miles east of Groton. Real estate prices there are significantly more expensive. The median home cost in Noank is $416,900, which works out to $195,100 (46%) higher than Groton. Rent there is pretty similar. Noank's median rent is $1,000 a month, which comes out to $14 (1%) lower than Groton.
