06340 — Groton, CT Home Values
Typical home value $391,722 as of June 2026 · 20th of 26 in Norwich-New London, CT
Blue: typical home value (Zillow ZHVI) in ZIP code 06340, June 2021 to June 2026. This page shows observed data only; no forecast.
How 06340 compares in the Norwich-New London, CT area
ZIP code 06340 (Groton, CT) has a typical home value of $391,722 as of June 2026, ranking 20th of 26 ZIP codes tracked in the Norwich-New London, CT area, more expensive than about 27% of ZIP codes in the metro. Prices here have moved +5.0% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +39.3%, from $281,219 in June 2021 to $391,722 in June 2026. Against observed rent, the typical home here sells for 15.3× the annual rent ($2,138/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Norwich-New London, CT forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Norwich.
Population and demographics
ZIP code 06340 has a population of 29,833, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 67.7% White, 12.4% Hispanic or Latino, 7% Asian, 6.6% two or more races, 5.5% Black or African American, 0.5% another race, and 0.4% American Indian or Alaska Native.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Catherine Kolnaski Magnet School | 500 Poquonnock Rd., Groton, CT | 1.2 mi |
| Groton Middle School | 35 Groton Long Point Road, Groton, CT | 1.5 mi |
| Ella T. Grasso Technical High School | 189 Fort Hill Rd., Groton, CT | 1.5 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 06340?
$391,722 as of June 2026, the latest month Zillow has published observed data for.
Is 06340 an expensive ZIP code in the Norwich-New London, CT area?
06340 ranks 20th of 26 ZIP codes in the Norwich-New London, CT area by typical home value, more expensive than about 27% of ZIP codes in the metro.
How much have home values in 06340 changed over the past year?
+5.0% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 06340?
The typical home price is 15.3× the observed annual rent in this ZIP code ($2,138/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 06340?
29,833, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 06340?
Catherine Kolnaski Magnet School (1.2 mi), Groton Middle School (1.5 mi), Ella T. Grasso Technical High School (1.5 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 06340?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Norwich-New London, CT forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.