Mortgage payment estimates, closing cost breakdowns, and homebuying data for Groton, Connecticut.
Pre-filled with Groton median home price and Connecticut tax/insurance rates. Adjust for your property.
Estimated closing costs based on Connecticut rates and fees applied to Groton prices.
The median home price in Groton is $295,000, 27% below the Connecticut state median of $405,000. With a population of 38,411, Groton is a smaller market where home prices tend to be more accessible than in many parts of Connecticut.
Property taxes in Connecticut average 2.15% annually. This higher-than-average tax rate means a $295,000 home in Groton would carry roughly $529/month in property taxes alone — plan accordingly. Homeowners insurance in Connecticut runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Groton is $1,380/month. The price-to-rent ratio in Groton is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Groton presents moderate affordability. The $295K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.