Norwich, CT Real Estate
According to census data in the year 2000 there were 16,600 housing units in Norwich.
This represents a 0.8% growth from 16,472 in 1990.
Of those housing units, 16,292 were located in either urbanized areas or urban clusters, and 308 were located in what is classified as a rural area.
Homeownership rate in Norwich is about 52.5%.
Norwich's vacancy rate, including seasonal lodging, is about 9.1%.
Average household size is 2.34 people.
The majority of houses, apartments or condos in Norwich were built after 1950.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.70% |
| One Bedroom | 18.20% |
| Two Bedrooms | 30.40% |
| Three Bedrooms | 34.10% |
| Four Bedrooms | 12.50% |
| Five Bedrooms or more | 3.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.6 |
| Median year structure was built | 1951 |
| Median Value of occupied units | $110,900 |
| Median Price asked for vacant units | $95,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.06 |
| Median year structure was built | 1949 |
| Median Monthly Rent asked for vacant units | $570 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 11% |
| Home Equity Loan | 8.80% |
| Simple Mortgage | 49.10% |
| Debt Free | 31.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20% |
