Norwich, CT has a population of 40,057, including 65% white, 17% latino, and 12% black.
|Number Of Employees||19,505|
|Median Property Value||$168,200|
The median household income in Norwich, CT is around $51,758, while the median age is 36.7. This city is a home to major universities: Three Rivers Community College, Associate's Colleges, and Associate's Colleges: High Transfer-High Traditional. 19,952 employees work in Norwich, CT. The homeownership rate among the residents is 50.6%. The median property value that you should keep in mind is $169,600.
Over the Dec 2022, the average rent for an apartment in/near Norwich, CT increased by 9.3% to $1,342.
The average price for a rental studio in Norwich, CT has remained the same as last month and equals $967. Breaking it down in details, we now see that the average price for 1-bed apartment increased by 20.6% to $1,003. Pricing for 2-bed apartment also increased by 6.8% and a place of this size will now cost you $1,275. 3-bed apartment rent pricing starts at $1,455, it increased by 5.7% lately. Consequently, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $1,481 for a big-family home.
The median rent for an apartment in Norwich, CT decreased by 2.1% to $1,360. Statistics show that house rent price decreased by 6.1% this month making it up to $1,493. Condo for rent is now available for the same pricing as previously — $1,247. The median rent for a loft did not face significant changes this time, it now still goes for $1,225. If you’re looking for a room, the price tag still starts at $725. The median price did not change this time. The median rent for a townhouse increased by 25.6%, you’ll have to spend around $1,279 to get one.