The housing market in 06380 Norwich, CT is booming with a median value of $216,500. This is significantly lower than the US House Median Value of $338,100. However, the US 1 year House Appreciation is 8.27%, while the 1 year appreciation for houses in 06380 Norwich, CT is 11.43%. Therefore, those interested in purchasing real estate in this area can expect to see a good return on investment over time. This trend shows no signs of slowing down either as housing prices have been steadily increasing for several years now. With all these factors taken into account, the housing market in 06380 Norwich, CT looks like an enticing opportunity for both buyers and sellers alike.
The median home cost in Norwich (zip 06380) is $216,500. Home appreciation the last 10 years has been 58.4%. Home Appreciation in Norwich (zip 06380) is up 13.4%.
Average Age of Homes
- The median age of Norwich (zip 06380) real estate is 78 years old
The Rental Market in Norwich (zip 06380)
- Renters make up 57.5% of the Norwich (zip 06380) population
- 2.7% of houses and apartments in Norwich (zip 06380), 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.