Norwich housing market
Typical home value
$431K
▲ 7.0% 1 yr
Typical rent
$2,099/mo
▲ 5.6% 1 yr
12-month forecast
+4.5%
#28 of 546 metros
Gross rent yield
5.8%
#287 of 546 · U.S. 6.3%
Days to pending
28 days
▲ +4 days 1 yr
Listings with a price cut
21%
▼ −0.2 pts 1 yr
Key takeaways
- 1The typical home is worth $430,914, up 7.0% in a year and up 44% over five years.
- 2Zillow forecasts home values rising 4.5% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $2,099/mo (+5.6% YoY), a 5.8% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $2,368/mo in principal and interest, $269 more than renting.
- 5Homes go under contract in 28 days (+4 days vs last year); 21% of listings have had a price cut.
Market temperature
Seller's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 61/100, #30 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Norwich compares
| Measure | Norwich | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +7.0% | +1.2% | #14 |
| Home value, 5-yr change | +43.8% | +19.7% | |
| 12-month forecast | +4.5% | +1.1% | #28 |
| Rent, 1-yr change | +5.6% | +2.7% | #88 |
| Gross rent yield | 5.8% | 6.3% | #287 |
| Price-to-rent ratio | 17.1 | 15.8 | |
| Mortgage P&I on typical home | $2,368 | $2,012 | |
| Income needed to buy | $125,036 | $100,902 | |
| Days to pending | 28 | 56 |
Cities in the Norwich metro
3 cities with home value and rent data.
| Norwich | $306K | ▲ 6.5% | $1,832 | ▲ 8.6% | 7.2% |
| Groton | $445K | ▲ 6.2% | $2,219 | ▲ 9.9% | 6.0% |
| New London | $328K | ▲ 5.9% | $1,700 | ▲ 8.1% | 6.2% |
Run the numbers
Rental property calculator
Cash flow on a typical Norwich rental ($431K, $2,099/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Norwich home.
Rent vs buy
Is it cheaper to rent or buy in Norwich?
Other Connecticut metros
Hartford, CT
$399K home$1,998 rent6.0% yield
▲ 5.1% 1 yr
Bridgeport, CT
$688K home$2,880 rent5.0% yield
▲ 6.2% 1 yr
New Haven, CT
$406K home$2,043 rent6.0% yield
▲ 4.9% 1 yr
Torrington, CT
$424K home$1,882 rent5.3% yield
▲ 2.8% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.