East Norwich, NY—11732
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — East Norwich, NY
As of Oct '25, the median home price in East Norwich, NY is $958,000, with a year-over-year change of 4.8%. This indicates that home prices in East Norwich, NY are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $958,000 | 4.8% |
| Single Family | $959,000 | 4.5% |
| 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 | $942,000 | 3.5% |
4 Bed | $1,018,000 | 3.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — East Norwich, NY
As of July '25, Rentcast reports the average rent in East Norwich, NY is $4,280, with a year-over-year rent change of 22.3%. Per bedroom, the median rent as of July '25 in East Norwich, NY is 1-bedrooms: $2,970, 4-bedrooms: $7,000. The most common rental property sizes in East Norwich, NY are 1-bedroom and studio, accounting for 85.8% and 10.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,800 | $4,280 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,600 | $2,970 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $7,000 | $7,000 |
% of Rental Stock
Property Listings — East Norwich, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in East Norwich, NY is 161. This is a increase of 48.0% from last year, suggesting that homes are sitting on the market longer 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 | $948,000 | -21.0% |
Listing Count | 7 | 0.0% |
| Listings as % of Homes | 0.5% | 0.0% |
Days on Market | 161 | 48.0% |
Demographics — East Norwich, NY
As of the latest ACS Survey released in 2023, East Norwich, NY has a population of 3,550, which has decreased by -5.8% over the past 5 years. East Norwich, NY is a moderately popular place for families, as children make up 23.1% of the population. The area has a highly educated workforce, with 63.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,550 | -5.8% |
% Under 18 | 23.1% | 7.9% |
% Seniors | 23.0% | -9.8% |
% WFH | 12.1% | 132.7% |
% w/ College Degree | 63.6% | 29.3% |
As of the latest ACS Survey released in 2023, East Norwich, NY is a predominantly white area, with 78.1% of the population identifying as white. The white population has shrunk by 8.0% in the last 5 years. The second most common race or ethnicity in East Norwich, NY is hispanic, making up 14.3% of the population. Foreign-born residents account for 10.2% of the population in East Norwich, NY, and this percentage has increased by 18.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 78.1% | -8.0% |
% Black | 1.4% | -50.0% |
% Hispanic | 14.3% | 101.4% |
% Asian | 0.8% | -50.0% |
% Foreign Born | 10.2% | 18.6% |
Mortgage and Risk — East Norwich, NY
According to HUD data as of 2023, there were 39 mortgage originations in East Norwich, NY, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in East Norwich, NY. Investor activity is low, as 0.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 39 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — East Norwich, NY
East Norwich, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $330 | $2,600 | $2,930 |
| 2 Bedroom | N/A | N/A | $3,380 |
| 3 Bedroom | N/A | N/A | $4,380 |
| 4 Bedroom | -$2,310 | $7,000 | $4,690 |
Affordability — East Norwich, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.8 |
| Median Home Price | $958,000 |
| Median Household Income | $121,000 |