Home prices
Norwich's median home value is $164,200. This is roughly $22,520 (12%) lower in comparison to its surrounding areas.It is approximately $53,300 (24%) lower compared to the nation as a whole, and it is approximately $368,500 (69%) lower in comparison to the city of Boston.
Rents
Norwich's median monthly rent is $1,061. Compared to its nearby areas it is roughly $146 (12%) lower.In comparison to the rest of the country it is is very similar, and it is about $559 (34%) lower compared to the city of Boston.
Nearby places
Baltic
Baltic is Norwich's neighbor to the north. The housing prices there are a little more expensive. The median home in Baltic is valued at $178,000, which works out to $13,800 (7%) higher than Norwich. Its rents are a little more expensive. In Baltic the median rent is $1,153 a month, which is $92 (7%) higher than Norwich.
Jewett City
Jewett City is approximately 6 miles northeast from Norwich. Real estate prices there are similar. The median home cost in Jewett City is $158,600, which works out to $5,600 (3%) lower than Norwich. The rent there is a bit less expensive. In Jewett City the median monthly rent is $997, which comes out to $64 (6%) lower than Norwich.
Oxoboxo River
Oxoboxo River is approximately 7 miles south from Norwich. The real estate prices there are fairly similar. Oxoboxo River's median home cost is $172,700, which works out to $8,500 (4%) higher than Norwich. The rent there is somewhat more expensive. Oxoboxo River's median rent is $1,235 a month, which comes out to $174 (14%) higher than Norwich.
Mashantucket
Mashantucket is about 7 miles southeast of Norwich. Real estate prices there are significantly more expensive. The median home value in Mashantucket is $275,000, which is $110,800 (40%) higher than Norwich. The rent there is significantly more expensive. In Mashantucket the median rent is $1,625 a month, which comes out to $564 (34%) higher than Norwich.
South Windham
South Windham is approximately 9 miles northwest of Norwich. Its housing prices are somewhat less expensive. The value of the median home in South Windham is $149,300, which comes out to $14,900 (9%) lower than Norwich. Its rents are similar. South Windham's median rent is $1,026 a month, which comes out to $35 (3%) lower than Norwich.
