Groton, CT

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Groton short-term rental market based on reliable data.

Listings

191 / 327

Reliable / Active

Cap Rate

11%

Middle-Earners Gross Yield

Revenue

$48,462

Middle-Earners Revenue

Occupancy

55%

Middle-Earners Occupancy

Home Value

$439,767

Median Home Sale Price

Top Earners

$106,145

Top-Earners Revenue

Groton

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Groton.

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B

Generally Investor friendly

Groton Regulations

New STRs are allowed but require site‑plan (and sometimes special‑permit) approvals, inspections and parking; they are limited to designated commercial/mixed‑use zones and certain residential districts, with a primary‑residence rule in residential areas. No caps or high municipal fees are reported, and approvals run with the property, but public hearings and pending litigation create moderate enforcement risk.

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About Groton

Groton is a coastal town in New London County, Connecticut, with a population of approximately 40,000 residents. It sits on the eastern bank of the Thames River, directly across from the city of New London, and serves as a gateway to some of southern New England's most popular shoreline destinations, including the historic village of Mystic just a few miles to the south. The town is best known as the home of Naval Submarine Base New London, the Navy's primary East Coast submarine facility, and its identity is closely tied to the maritime and defense heritage of southeastern Connecticut. Roughly 50 miles southeast of Hartford and about 100 miles northeast of New York City, Groton combines small-town New England character with a steady flow of visitors drawn to its waterfront, military history, and proximity to regional attractions.

A visit to the Submarine Force Museum, located within the town itself, offers one of the most distinctive experiences in the region. It is the official submarine museum of the United States Navy and features the USS Nautilus, the world's first nuclear-powered submarine, which can be toured in dry dock. The museum is a short drive from anywhere in Groton, typically under fifteen minutes, and admission is free.

Just across the river lies Fort Griswold Battlefield State Park, a site of significant Revolutionary War history. The park preserves the earthworks from the 1781 Battle of Groton Heights and offers panoramic views of the Thames River and New London harbor. It is a brief drive from central Groton and provides a quiet, scenic counterpoint to the busier waterfront attractions.

A short drive south of Groton brings visitors to the village of Mystic, a destination that draws crowds year-round. Mystic Seaport Museum is a recreated 19th-century seafaring village featuring historic ships, working shipyards, and exhibits on New England's maritime past. Nearby, the Mystic Aquarium is a well-known marine institution and one of the largest aquariums in New England, with a focus on beluga whales, sea lions, and other marine life.

Outdoor recreation is also close at hand. Bluff Point State Park, on the Groton waterfront, offers wooded trails, salt marsh views, and beach access along Long Island Sound, while Haley Farm State Park to the north provides additional hiking opportunities. Both are within a short drive of central Groton and appeal to visitors seeking quieter natural experiences.

Groton appeals to short-term rental investors because it sits at the intersection of military heritage, maritime tourism, and easy access to the Mystic shoreline. Its position roughly between New York and Boston, combined with year-round draws like the submarine museum and seasonal crowds heading to Mystic, gives the town a steady and diverse visitor base throughout the year.

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