Market Overview
Home Prices in Groton, CT
The median home value in Groton, CT is $450,477 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.3% compared to a year ago and up 4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Groton are priced10% above average. Groton is part of the Norwich-New London, CT metro area.
Over the past five years, Groton home values have risen by approximately41.4%, reflecting strong long-term appreciation in this market.
Price History
Groton Home Price Trend
City Comparison
Groton vs. National Median
At $450,477, homes in Groton cost 10% above the national median of $410,000. Buyers in Groton should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Groton?
20% Down Payment
$90,095
on $450,477
Monthly P&I
$2,349/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,983/mo
incl. taxes & insurance
Income Needed
$119,320
gross annual (30% rule)
10% Down Option
$45,048
+ PMI applies
Loan Amount (20% dn)
$360,382
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Groton, CT?
The median home value in Groton is $450,477 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.3% year-over-year.
How much have home prices changed in Groton?
Over the past year, home values in Groton have increased by 5.3%. Over five years, prices have risen approximately 41.4%.
How much do I need to earn to buy a home in Groton?
To comfortably afford the median home price of $450,477 with a 20% down payment ($90,095) at today's rates (6.8%), you'd need a gross annual income of approximately $119,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Groton compare to the national average home price?
The national median home value is approximately $410,000. At $450,477, homes in Groton are 10% above the national average.
What metro area is Groton part of?
Groton is part of the Norwich-New London, CT metropolitan area. Home prices and market conditions can vary across the broader metro region.