Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Groton Long Point borough, Connecticut?
City · Census ACS 5-Year estimates
The median gross rent in Groton Long Point borough, Connecticut is $2,295/month (±$248), based on Census ACS 5-Year estimates (2024). The median home value is $969,600 (±$65,050), and the median household income is $172,500/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for Groton Long Point borough, Connecticut
| Metric | Value |
|---|---|
| Median Gross Rent | $2,295 |
| Median Home Value | $969,600 |
| Median Household Income | $172,500 |
| Total Housing Units | 274 |
| Renter-Occupied Units | 23 |
| Renter-Occupied Share | 8% |
| Households Paying 50%+ Income | 8 households |
How does Groton Long Point borough, Connecticut compare?
Median gross rent ranked against all cities in Connecticut.
Higher rent than 85% of cities in Connecticut · 24th of 154
| # | City | Value |
|---|---|---|
| 1 | Old Hill CDP | $3,501 |
| 1 | Old Greenwich CDP | $3,501 |
| 1 | Hawleyville CDP | $3,501 |
| … 20 more … | ||
| 24 | Groton Long Point borough(you are here) | $2,295 |
| … 127 more … | ||
| 152 | Blue Hills CDP | $767 |
| 153 | Bantam borough | $688 |
| 154 | North Grosvenor Dale CDP | $413 |
More data for Groton Long Point borough, Connecticut
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Frequently asked questions
What is the average rent in Groton Long Point borough, Connecticut?
The median gross rent in Groton Long Point borough, Connecticut is $2,295/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Groton Long Point borough, Connecticut?
The median rent for a 2-bedroom in Groton Long Point borough, Connecticut is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Groton Long Point borough, Connecticut?
The median home value in Groton Long Point borough, Connecticut is $969,600 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Groton Long Point borough are rent-burdened?
In Groton Long Point borough, Connecticut, 8 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Groton Long Point borough, Connecticut?
The median household income in Groton Long Point borough, Connecticut is $172,500/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $2,295 has a margin of error of ±$248. In very small areas, MOEs can be large relative to the estimate.
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