Norwich, CT—06380
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Norwich, CT
Home Price Trends — Norwich, CT
As of Oct '25, the median home price in Norwich, CT is $269,000, with a year-over-year change of 5.6%. This indicates that home prices in Norwich, CT are increasing. According to Zillow, the 1-year price projection is 4.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $269,000 | 5.6% |
| Single Family | $269,000 | 5.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $283,000 | 6.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Norwich, CT
Norwich, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,280 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,100 |
| 2 Bed Rent | $1,300 | $1,320 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Norwich, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Norwich, CT is 16. This is a decrease of -25.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $375,000 | 2.0% |
Listing Count | 4 | -20.0% |
| Listings as % of Homes | 0.2% | -20.0% |
Days on Market | 16 | -25.0% |
Demographics — Norwich, CT
As of the latest ACS Survey released in 2023, Norwich, CT has a population of 2,430, which has decreased by -16.0% over the past 5 years. Norwich, CT is a moderately popular place for families, as children make up 20.9% of the population. The area has a poorly educated workforce, with 21.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,430 | -16.0% |
% Under 18 | 20.9% | 2.5% |
% Seniors | 21.0% | 42.9% |
% WFH | 2.3% | ∞% |
% w/ College Degree | 21.2% | 133.0% |
As of the latest ACS Survey released in 2023, Norwich, CT is a predominantly white area, with 56.9% of the population identifying as white. The white population has shrunk by 15.3% in the last 5 years. The second most common race or ethnicity in Norwich, CT is hispanic, making up 29.7% of the population. Foreign-born residents account for 9.4% of the population in Norwich, CT, and this percentage has decreased by 28.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 56.9% | -15.3% |
% Black | 8.4% | -47.2% |
% Hispanic | 29.7% | 160.5% |
% Asian | 0.0% | N/A |
% Foreign Born | 9.4% | -28.8% |
Mortgage and Risk — Norwich, CT
According to HUD data as of 2023, there were 66 mortgage originations in Norwich, CT, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Norwich, CT. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 66 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Norwich, CT
Norwich, CT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 197 |
Total Units Section 8 | 197 |
% Rentals under Section 8 | 25.3% |
% Occupied Section 8 | 93.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $40 | $1,100 | $1,140 |
| 2 Bedroom | $110 | $1,300 | $1,410 |
| 3 Bedroom | N/A | N/A | $1,830 |
| 4 Bedroom | N/A | N/A | $2,370 |
Affordability — Norwich, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $269,000 |
| Median Household Income | $44,400 |