Norfolk, CT 06058 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Norfolk, CT—06058

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$489,000

0.2% YoY Growth

Household Income

$85,900

11.7% YoY Growth

Days on Market

31.0% Longer YoY

Home Price Forecast

5.2%

Median Rent

$2,500

N/A

1-Bed Rent

N/A

2-Bed Rent

$2,500

N/A

3-Bed Rent

$3,400

N/A

Home Price Trends — Norfolk, CT

As of Dec '25, the median home price in Norfolk, CT is $489,000, with a year-over-year change of -0.2%. This indicates that home prices in Norfolk, CT are flat. According to Zillow, the 1-year price projection is 5.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$489,000	-0.2%
Single Family	$496,000	0.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Norfolk, CT

Norfolk, CT lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	$2,500	$2,950
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$2,500	$2,500
3 Bed Rent	$3,400	$3,400
4 Bed Rent	N/A	N/A

Loading chart...

% of Rental Stock

Studio

2.7%

1 Bedroom

45.7%

2 Bedrooms

21.3%

3 Bedrooms

13.3%

4 Bedrooms

8.5%

5+ Bedrooms

8.5%

Property Listings — Norfolk, CT

As of Dec '25, Realtor.com reports that the median days on market for a home in Norfolk, CT is 113. This is a increase of 127.0% 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	$551,000	21.0%
Listing Count	13	59.0%
Listings as % of Homes	0.5%	59.0%
Days on Market	91	31.0%

Loading chart...

Demographics — Norfolk, CT

As of the latest ACS Survey released in 2023, Norfolk, CT has a population of 1,820, which has increased by 18.4% over the past 5 years. Norfolk, CT is a moderately popular place for families, as children make up 16.6% of the population. The area has a moderately educated workforce, with 44.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,820	18.4%
% Under 18	16.6%	-6.2%
% Seniors	27.2%	-7.5%
% WFH	27.4%	234.1%
% w/ College Degree	44.8%	2.3%

Loading chart...

As of the latest ACS Survey released in 2023, Norfolk, CT is a predominantly white area, with 81.7% of the population identifying as white. The white population has shrunk by 13.0% in the last 5 years. The second most common race or ethnicity in Norfolk, CT is hispanic, making up 10.9% of the population. Foreign-born residents account for 5.3% of the population in Norfolk, CT, and this percentage has increased by 43.2% 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	81.7%	-13.0%
% Black	0.9%	200.0%
% Hispanic	10.9%	395.5%
% Asian	1.2%	300.0%
% Foreign Born	5.3%	43.2%

Loading chart...

Mortgage and Risk — Norfolk, CT

According to HUD data as of 2023, there were 21 mortgage originations in Norfolk, CT, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Norfolk, CT. 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	21
% Conventional Loans	90.0%
% Government Loans	10.0%
% Investor Loans	0.0%
% Second Loans	14.0%
% Cash Out Refinance	5.0%

Loading chart...

Rentals and Section 8 — Norfolk, CT

Norfolk, CT lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	13
Total Units Section 8	13
% Rentals under Section 8	N/A
% Occupied Section 8	100.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,130
2 Bedroom	-$1,100	$2,500	$1,400
3 Bedroom	-$1,650	$3,400	$1,750
4 Bedroom	N/A	N/A	$2,000

Norfolk, CT—06058

Key Metrics at a Glance

Home Price Trends — Norfolk, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Norfolk, CT

% of Rental Stock

Property Listings — Norfolk, CT

Demographics — Norfolk, CT

Race and Ethnicity

Mortgage and Risk — Norfolk, CT

Mortgages

Rentals and Section 8 — Norfolk, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Norfolk, CT

Home Price to Income Ratio

Norfolk, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Canaan, CT

Winsted, CT

Southfield, MA

Canaan, CT

Colebrook, CT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.1
Median Home Price	$489,000
Median Household Income	$85,900

Norfolk, CT—06058

Key Metrics at a Glance

Home Price Trends — Norfolk, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Norfolk, CT

% of Rental Stock

Property Listings — Norfolk, CT

Demographics — Norfolk, CT

Race and Ethnicity

Mortgage and Risk — Norfolk, CT

Mortgages

Rentals and Section 8 — Norfolk, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Norfolk, CT

Home Price to Income Ratio

Norfolk, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Canaan, CT

Winsted, CT

Southfield, MA

Canaan, CT

Colebrook, CT

Frequently Asked Questions

What is the average home price in Norfolk, CT 06058?

How have home prices in Norfolk, CT 06058 changed over the past year?

What is the home price projection for Norfolk, CT 06058?

What are the demographics of Norfolk, CT 06058?

How long does it take homes to sell in Norfolk, CT 06058?

What is the average rent price in Norfolk, CT 06058?