Market Overview
Home Prices in Norwich, CT
The median home value in Norwich, CT is $306,708 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.2% compared to a year ago and up 9.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Norwich are priced25% below average. Norwich is part of the Norwich-New London, CT metro area.
Over the past five years, Norwich home values have risen by approximately55.5%, reflecting strong long-term appreciation in this market.
Price History
Norwich Home Price Trend
City Comparison
Norwich vs. National Median
At $306,708, homes in Norwich cost 25% below the national median of $410,000. This makes Norwich a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Norwich?
20% Down Payment
$61,342
on $306,708
Monthly P&I
$1,600/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,032/mo
incl. taxes & insurance
Income Needed
$81,280
gross annual (30% rule)
10% Down Option
$30,671
+ PMI applies
Loan Amount (20% dn)
$245,366
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Norwich, CT?
The median home value in Norwich is $306,708 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.2% year-over-year.
How much have home prices changed in Norwich?
Over the past year, home values in Norwich have increased by 6.2%. Over five years, prices have risen approximately 55.5%.
How much do I need to earn to buy a home in Norwich?
To comfortably afford the median home price of $306,708 with a 20% down payment ($61,342) at today's rates (6.8%), you'd need a gross annual income of approximately $81,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Norwich compare to the national average home price?
The national median home value is approximately $410,000. At $306,708, homes in Norwich are 25% below the national average.
What metro area is Norwich part of?
Norwich is part of the Norwich-New London, CT metropolitan area. Home prices and market conditions can vary across the broader metro region.