How many renters live in Groton, Connecticut?
The City of Groton has 9,364 people living in 4,690 households.
There are 4,686 renters living in 2,567 renter households in this City. Renters make up 50.04 percent of the population living in Groton.
What is the rental market like in Groton, Connecticut?
There are an estimated 5,199 housing units in the Groton area. Of these, 2,808 units are rental homes, making up 54 percent of the housing market. For every renter household in Groton, Connecticut, there are 1 rental units.
What is the vacancy rate for rentals in Groton?
The rental vacancy rate in Groton is 6 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Groton for each bedroom size?
Occupied Rental Units by Size in Groton
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 96 | 1,037 | 1,281 | 131 | 22 |
Occupied Rental Units by Size in Groton
A large number of apartments in Groton have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Groton are overburdened by housing costs?
Among renter households in this market, 42 percent have housing cost burden. Further, 25 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Groton
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,055 to $2,625. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,055 |
| One BR | $1,263 |
| Two BR | $1,556 |
| Three BR | $2,030 |
| Four BR | $2,625 |
2024 Fair Market Rents in Groton, Connecticut
How many units are rented at Fair Market Rent (FMR) in Groton?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 85 | 89 percent |
| One BR | 732 | 71 percent |
| Two BR | 1,074 | 84 percent |
Rental Units Below FMR in Groton, Connecticut
How many affordable rental units are in Groton?
There are a variety of federal affordable housing programs serving households in Groton, Connecticut including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | 522 |
Tracked Units by Federal Program in Groton, Connecticut
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Groton, Connecticut
Groton features 699 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Groton, Connecticut
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Groton.
Housing Choice Vouchers in Groton, Connecticut
On average, Section 8 Housing Choice vouchers pay Groton landlords $1,100 per month towards rent. The average voucher holder contributes $400 towards rent in Groton.
The maximum amount a voucher would pay on behalf of a low-income tenant in Groton, Connecticut for a two-bedroom apartment is between $1,400 and $1,712.
Sourced from federal housing data and AffordableHousingOnline.com research.
