Housing market/Connecticut/ZIP 06340
ZIP 06340 Groton, Connecticut
Norwich-New London-Willimantic, CT MSA · Connecticut. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 06340 · CT — sent to you.
ZIP 06340 · CT
ACS rent vs 2BR SAFMR
ZIP 06340 — Groton, CT HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 06340
- 1-unit detached5,54138.4%
- 1-unit attached1,62311.2%
- 2–4 units2,61218.1%
- 5–49 units3,38623.4%
- 50+ units9026.2%
- Mobile3772.6%
2–4 unit share 18.1% · 5–49 unit share 23.4% · combined 2–49 41.5%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,492 (all bedrooms, occupied rentals).
- Median contract rent $1,362.
- Renters paying ≥30% of income 44.2%; ≥50% 23.2%.
- FY2027 2BR SAFMR $2,090 (1.401× ACS median gross rent).
Population
29,833 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -3.0%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 1 projects, 0 units.
- HUD project-based assisted MF: 4 properties, 698 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
What the data shows
ZIP 06340 57.8% of occupied households are renters; vacancy is 10.3%; ACS median gross rent is $1,492; population changed -3.0% between the 2018 and 2023 ACS vintages; the housing stock includes 2,612 units in 2–4-unit structures and 3,386 units in 5–49-unit structures; 1 LIHTC projects totaling 0 units; FY2027 2BR SAFMR is $2,090 versus ACS median gross rent of $1,492. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Connecticut research
ZIP 06340 is a Census / HUD profile for Norwich-New London-Willimantic, CT. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 06340 — Groton, CT HUD Section 8 Payment Standards / SAFMR·Connecticut ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Connecticut research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 06340?
ZIP 06340 (Norwich-New London-Willimantic, CT MSA) has 29,833 residents, 12,946 households, a renter share of 57.8%, median household income of $77,768, and ACS 2023 median gross rent of $1,492. Vacancy is 10.3%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 06340?
ACS counts 1,166 units in 2-unit buildings, 1,446 in 3–4 unit buildings, 1,360 in 5–9, 1,057 in 10–19, and 969 in 20–49. Combined 2–49 unit stock is 5,998 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 06340?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,090. See the full schedule and 90–110% payment-standard band on the ZIP 06340 — Groton, CT HUD Section 8 Payment Standards / SAFMR.
Does this Connecticut ZIP profile include Georgia listings?
No. ZIP 06340 is Census / HUD research for Norwich-New London-Willimantic, CT MSA. Jeff Crowe CRE does not list Connecticut property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.