Housing in 06389 Norwich, CT is significantly more expensive than the nationwide average. The median value of a home in the area is $379,900, which is far higher than the national median value of $338,100. Additionally, house appreciation in Norwich has been much higher than the national rate over the past year- 11.43%, compared to 8.27% nationally. This indicates that housing prices are likely to continue increasing in Norwich, making it a great option for potential homeowners seeking to invest in their future.
The median home cost in Norwich (zip 06389) is $379,900. Home appreciation the last 10 years has been 58.4%. Home Appreciation in Norwich (zip 06389) is up 13.4%.
Average Age of Homes
- The median age of Norwich (zip 06389) real estate is 50 years old
The Rental Market in Norwich (zip 06389)
- Renters make up 100.0% of the Norwich (zip 06389) population
- 0.0% of houses and apartments in Norwich (zip 06389), 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.