Much like the surrounding areas, it is similar compared to the entire country. However compared to the city of New York, it's substantially less expensive.
Home prices
Norfolk's median home value is $223,500. It is roughly $6,880 (3%) higher compared to its nearby areas.It is approximately $6,000 (2%) higher in comparison to the country as a whole, and compared to the city of New York it is approximately $382,500 (63%) lower.
Rents
In Norfolk the median rent is $686 per month. It is about $394 (36%) lower in comparison to other places in this area.In comparison to the United States as a whole it is roughly $376 (35%) lower, and is approximately $757 (52%) lower compared to the city of New York.
Nearby places
Canaan
Canaan is roughly 6 miles northwest of Norfolk. Real estate prices there are a bit less expensive. The median home price in Canaan is $170,300, which comes out to $53,200 (31%) lower than Norfolk. Its rents are a lot more expensive. The median monthly rent in Canaan is $1,277, which works out to $591 (46%) higher than Norfolk.
Winsted
Winsted is approximately 7 miles southeast from Norfolk. Real estate prices there are substantially less expensive. The value of the median home in Winsted is $149,900, which comes out to $73,600 (49%) lower than Norfolk. Its rents are a bit more expensive. The median monthly rent in Winsted is $960, which comes out to $274 (28%) higher than Norfolk.
Falls Village
Falls Village is roughly 7 miles west from Norfolk. The real estate prices there are a little more expensive. Falls Village's median home cost is $272,100, which comes out to $48,600 (17%) higher than Norfolk. Rent there is a lot more expensive. Falls Village's median rent is $1,100 per month, which comes out to $414 (37%) higher than Norfolk.
Torrington
Torrington is approximately 10 miles south from Norfolk. Housing prices there are significantly less expensive. Torrington's median home value is $153,700, which comes out to $69,800 (45%) lower than Norfolk. Its rents are a bit more expensive. The median monthly rent in Torrington is $949, which is $263 (27%) higher than Norfolk.
Lakeville
Lakeville is approximately 11 miles west of Norfolk. Real estate prices there are substantially more expensive. The median home in Lakeville is valued at $337,100, which comes out to $113,600 (33%) higher than Norfolk. The rent there is significantly more expensive. The median monthly rent in Lakeville is $1,114, which is $428 (38%) higher than Norfolk.
