Norwich, CT home prices
Typical home $430,914 · +7.0% in a year · income needed $133,000
The Norwich, CT metro area ranks 117 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +7.0% in a year and +43.8% over five years. With 20% down at 7.11%, the typical home costs about $3,104 a month including 1.59% property tax (New London County rate).
Mortgage on the typical Norwich home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $86,183 | $344,732 | $2,319 | $0 | $785 | $3,104 | $133,000 |
| 10% down | $43,091 | $387,823 | $2,609 | $162 | $785 | $3,556 | $152,400 |
| 5% down | $21,546 | $409,369 | $2,754 | $171 | $785 | $3,710 | $159,000 |
| 3.5% down (FHA) | $15,082 | $423,110 | $2,846 | $191 | $785 | $3,822 | $163,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.59% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Norwich area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| New London County, CT | $430,928 | +7.0% | 1.59% |
What can you afford in Connecticut on your salary? · Connecticut home prices · Salaries in Connecticut
Frequently asked questions
How much is a house in Norwich?
The typical home in the Norwich, CT metro area is worth $430,914 (Zillow, September 2026).
What salary do you need to buy a house in Norwich?
About $133,000 a year for the typical home with 20% down at 7.11%.