Property Prices in Norwich, CT, United States

Index Info
Price to Income Ratio: 1.75
Mortgage as Percentage of Income: 12.75%
Loan Affordability Index: 7.84
Price to Rent Ratio - City Centre: 6.94
Price to Rent Ratio - Outside of Centre: 6.82
Gross Rental Yield (City Centre): 14.42%
Gross Rental Yield (Outside of Centre): 14.66%

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Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 950.00 $ 850.00-1,100.00
Apartment (1 bedroom) Outside of Centre 983.33 $ 800.00-1,200.00
Apartment (3 bedrooms) in City Centre 1,466.67 $ 1,200.00-1,700.00
Apartment (3 bedrooms) Outside of Centre 1,366.67 $ 1,000.00-1,600.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 125.00 $ 125.00-125.00
Price per Square Feet to Buy Apartment Outside of Centre 122.00 $ 122.00-122.00
Salaries And Financing
Average Monthly Net Salary (After Tax) 3,790.00 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.00

These data are based on 25 entries in the past 18 months from 4 different contributors.
Last update: March 2021

Sources and References
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