Home Price Key
Affordable
Average
Expensive
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 $114,068, lower than the New York average of $481,023.
The average cost of rent is $739/mo in Norwich, primarily driven by the current value of real estate in the Norwich area. While nearly 52.59% of residents own their homes outright in Norwich, 36.25% rent.
Housing affordability isn’t just about home prices, though. The average household income in Norwich is $4,820 per month. Households that rent pay about 15.34% of their income on rent here. Norwich's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Springvale, NY: less expensive homes
- North Norwich, NY: equally priced homes
- Preston, NY: equally priced homes
- White Store, NY: equally priced homes
- South New Berlin, NY: higher priced homes
- Oxford, NY: less expensive homes
- South Plymouth, NY: equally priced homes
- Plymouth, NY: less expensive homes
- Guilford Center, NY: less expensive homes
- Guilford, NY: less expensive homes
Cities with Similar Populations
- Wrentham, MA: higher priced homes
- Atco, NJ: higher priced homes
- Athol, MA: higher priced homes
- Atoka, TN: higher priced homes
- Augusta, KS: higher priced homes
- Austin, AR: higher priced homes
- Whitsett, NC: higher priced homes
- Woodmere, NY: higher priced homes
- Woodmoor, CO: higher priced homes
- Worth, IL: higher priced homes
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