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Norwich, CT Real Estate


According to census data in the year 2000 there were 16,600 housing units in Norwich. This represents a 0.8% growth from 16,472 in 1990.

Of those housing units, 16,292 were located in either urbanized areas or urban clusters, and 308 were located in what is classified as a rural area.

Homeownership rate in Norwich is about 52.5%. Norwich's vacancy rate, including seasonal lodging, is about 9.1%. Average household size is 2.34 people.

The majority of houses, apartments or condos in Norwich were built after 1950.

Statistics

Housing Size

Housing Units by Size
Studio Type1.70%
One Bedroom18.20%
Two Bedrooms30.40%
Three Bedrooms34.10%
Four Bedrooms12.50%
Five Bedrooms or more3.10%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.6
Median year structure was built1951
Median Value of occupied units$110,900
Median Price asked for vacant units$95,900

Rented Homes, Apartments and Condos

Average Household Size2.06
Median year structure was built1949
Median Monthly Rent asked for vacant units$570

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage11%
Home Equity Loan8.80%
Simple Mortgage49.10%
Debt Free31.10%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs20%