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These days, finding an affordable place to live in the Norwich area can be challenging. Home prices in Norwich are now at a median cost of $238,857, lower than the Connecticut average of $418,901.
The average cost of rent is $1,231/mo in Norwich, primarily driven by the current value of real estate in the Norwich area. In Norwich, 45.50% of households rent, and 44.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Norwich is $5,696 per month. Households that rent pay about 21.60% of their income on rent here. Norwich’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Taftville, CT: equally priced homes
- Preston, CT: higher priced homes
- Bozrah, CT: higher priced homes
- Uncasville, CT: higher priced homes
- Montville, CT: higher priced homes
- Baltic, CT: higher priced homes
- North Franklin, CT: higher priced homes
- Oxoboxo River, CT: higher priced homes
- Newent, CT: higher priced homes
- Gilman, CT: higher priced homes
Cities with Similar Populations
- Wappingers Falls, NY: higher priced homes
- Clinton, MD: higher priced homes
- Cottage Grove, MN: higher priced homes
- East Hill-Meridian, WA: higher priced homes
- East Meadow, NY: higher priced homes
- Egypt Lake-Leto, FL: higher priced homes
- Somerset, NJ: higher priced homes
- Stow, OH: higher priced homes
- Trumbull, CT: higher priced homes
- Lockport, NY: less expensive homes
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