Norwich, VT has a median housing value of $723,400 which is much higher than the national median of $338,100. The US house appreciation rate over the past year is 8.27%, but in Norwich, Vermont it is much higher at 15.30%. This signifies that Norwich real estate prices have risen more than twice as quickly as the national average over the past year. This makes Norwich an attractive place for potential home buyers to consider investing in property due to its growing market value and promising returns on investment.
The median home cost in Norwich is $723,400. Home appreciation the last 10 years has been 63.5%. Home Appreciation in Norwich is up 19.1%.
Average Age of Homes
- The median age of Norwich real estate is 40 years old
The Rental Market in Norwich
- Renters make up 21.4% of the Norwich population
- 0.0% of houses and apartments in Norwich, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.