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Groton Long Point

Learn about the people, housing, costs and businesses in Groton Long Point, Connecticut

Median Home$764,200
Median Rent$1,197/month
Population537
Leading IndustriesPublic Administration · Construction · Agriculture & Mining52% public administration
Home Value Growth⬆⬆⬆+21.2% over 2 years
Family-Friendly28% of residentswell above average
Homeowners82% of occupied units
NotableHigh Incomes$144k/year · top 4% nationally
NotableHighly Educated26% hold a bachelor's degree · top 16% nationally
Groton Long Point
CT

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Frequently Asked Questions

What are today's mortgage rates in Groton Long Point?

As of today, the 30-year fixed mortgage rate for Groton Long Point is approximately 6.941% (6.979% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Groton Long Point?

The median home value in Groton Long Point is $764k. The median monthly rent is $1,197. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Groton Long Point?

Home values in Groton Long Point have increased 21.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Groton Long Point?

Based on a typical all-in ownership cost of $2,158/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $92k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Groton Long Point is $144k/year.

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What industries drive the economy in Groton Long Point?

The largest employment sectors in Groton Long Point are public administration (52%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.