Side-by-side comparison of home prices, mortgage payments, and housing costs between Groton and Milford, Connecticut. Using Connecticut's 2.15% property tax rate and $2,100/year insurance. Updated for 2026.
Groton edges out Milford in affordability, saving you roughly $786/month on total housing costs. Both cities are in Connecticut, so property tax rates and insurance costs are the same — the difference comes down to home prices and what you get for your money in each market.
Estimated PITI payments assuming 10% down, 6.5% rate, 30-year fixed mortgage with PMI. Uses Connecticut's 2.15% property tax rate.
Buying in Groton saves you approximately $786/month ($9,432/year) compared to Milford, based on median home prices with identical loan terms.
Groton is the better choice for first-time buyers, with a median price of $295K versus $395K in Milford. That's $100K less to save for a down payment. You'd need roughly $10K for an FHA 3.5% down payment in Groton, compared to $14K in Milford. Connecticut offers the CHFA Homebuyer Mortgage program (Up to $20,000 DAP loan) which applies in both cities.
Groton has the better price-to-rent ratio at 17.8x versus 19.9x in Milford. A lower ratio generally signals better rental income relative to purchase price. Average rent in Groton is $1,380/month on a $295K median home, making it a stronger candidate for buy-and-rent investors.
Milford (pop. 54,120) offers more amenities, schools, and services typical of a larger city, while Groton (pop. 38,411) may offer a quieter, more community-oriented lifestyle. Families on a budget may prefer Groton, where lower housing costs free up more income for childcare, education, and savings.