Norwich CT

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Norwich, CT Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Norwich Housing Market Information

With 39,470 people, 15,795 houses or apartments, and a median cost of homes of $168,719, Norwich real estate values are some of the lowest in Connecticut, although compared to real estate around the nation, Norwich homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Norwich, accounting for 42.42% of the city's housing units. Other types of housing that are prevalent in Norwich include duplexes, homes converted to apartments or other small apartment buildings ( 27.15%), large apartment complexes or high rise apartments ( 20.48%), and a few row houses and other attached homes ( 6.14%).

People in Norwich primarily live in small (one, two or no bedroom) single-family detached homes. Norwich has a mixture of owner-occupied and renter-occupied housing.

The housing in Norwich was primarily built before 1939 ( 38.28%), making the housing stock in Norwich some of the oldest overall in America, although there is a range of ages of homes in Norwich. The next most important housing age is between 1940-1969 ( 28.54%), followed by between 1970-1999 ( 25.48%). There's also some housing in Norwich built between 2000 and later ( 7.71%).

Vacant housing appears to be an issue in Norwich. Fully 14.91% of the housing stock is classified as vacant. Left unchecked, vacant Norwich homes and apartments can be a drag on the real estate market, holding Norwich real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Norwich Home Appreciation Rates

Homes have actually lost value in Norwich over the last then years, as home values have seen a decline of 20.93% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Norwich home appreciation rates at -3.02%, which equates to an annual appreciation rate of -11.54%.

Over the last year, Norwich appreciation rates have trailed the rest of the nation. In the last twelve months, Norwich's appreciation rate has been -0.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Norwich were at -3.02%, which equates to an annual appreciation rate of -11.54%.

Notably, Norwich's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Connecticut, our data show that Norwich's latest annual appreciation rate is lower than 60% of the other cities and towns in Connecticut.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Norwich differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Norwich - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Norwich real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,053,000 0.3
$790,001 - $1,053,000 0.1
$527,001 - $790,000 0.9
$421,001 - $527,000 1.6
$316,001 - $421,000 3.7
$210,001 - $316,000 20.3
$105,001 - $210,000 56.9
$53,001 - $105,000 9.4
$0 - $53,000 6.8

Very Low for CT
Average for Nation

Value Relative to Nation Value Relative to State
49.378102189781 97.0414201183432

Number Of Homes And Apartments:

Norwich Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
19.90% 0.94%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,280 / per month

Homeownership Rate

Owners 51.42
Renters 48.58
Vacant 14.91

Housing Market Details


Age of Homes

2000 or Newer 7.7
1970 - 1999 25.5
1940 - 1969 28.5
1939 or Older 38.3

Types of Homes

Single-Family 42.4
Townhomes 6.1
Small Apt. Buildings 27.2
Apt. Complexes 20.5
Mobile Homes 3.8
Other 0.0

Home Size

No Bedroom 3.23
1 Bedroom 15.22
2 Bedrooms 30.67
3 Bedrooms 35.71
4 Bedrooms 12.50
5 or more bedrooms 2.66