The housing market in Norwich, OH is thriving. The median home value is $205,500 which is much lower than the US median of $338,100. In addition to this lower cost of entry into the market, the appreciation of homes over the last year has been quite strong in Norwich with a 12.77% increase compared to an 8.27% appreciation nationally. This could be due to increased demand and limited supply of homes in the area, making it a great place for real estate investments.
The median home cost in Norwich is $205,500. Home appreciation the last 10 years has been 79.6%. Home Appreciation in Norwich is up 14.0%.
Average Age of Homes
- The median age of Norwich real estate is 78 years old
The Rental Market in Norwich
- Renters make up 13.0% 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.