Home prices
The median home value in Norwich is $93,800. This is roughly $5,380 (5%) lower in comparison to nearby areas.It is about $123,700 (56%) lower compared to the entire nation, and is is very similar in comparison to the city of Syracuse.
Rents
In Norwich the median monthly rent is $707. In comparison to nearby areas this is about $78 (12%) higher.Compared to the entire nation it is about $355 (33%) lower, and compared to the city of Syracuse is approximately $107 (13%) lower.
Nearby places
Oxford
Oxford is approximately 6 miles southwest of Norwich. The housing prices there are somewhat more expensive. The median home in Oxford is valued at $102,700, which works out to $8,900 (8%) higher than Norwich. Its rents are a bit less expensive. The median monthly rent in Oxford is $630, which is $77 (12%) lower than Norwich.
Gilbertsville
Gilbertsville is about 9 miles southeast of Norwich. The housing prices there are a little more expensive. The cost of the median home in Gilbertsville is $132,800, which works out to $39,000 (29%) higher than Norwich. Rents there are similar. The median rent in Gilbertsville is $675 per month, which works out to $32 (4%) lower than Norwich.
Sherburne
Sherburne is approximately 9 miles north of Norwich. Real estate prices there are a little more expensive. The median home value in Sherburne is $116,500, which is $22,700 (19%) higher than Norwich. The rent there is substantially less expensive. The median monthly rent in Sherburne is $533, which comes out to $174 (32%) lower than Norwich.
New Berlin
New Berlin is approximately 10 miles northeast of Norwich. Real estate prices there are a bit less expensive. The median home in New Berlin costs $82,800, which comes out to $11,000 (13%) lower than Norwich. Rent there is a little less expensive. New Berlin's median monthly rent is $646, which comes out to $61 (9%) lower than Norwich.
Smyrna
Smyrna is approximately 10 miles north from Norwich. Its real estate prices are substantially less expensive. The median home in Smyrna costs $61,100, which comes out to $32,700 (53%) lower than Norwich. Rent there is somewhat less expensive. Smyrna's median monthly rent is $663, which works out to $44 (6%) lower than Norwich.