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Market MapNorwich, CT
Metropolitan Area

Norwich, CT

Connecticut0
58
/100
Hold
#564 of 894 metros
Top 63% nationally for investing

Market Snapshot

$400,406
Median Home Price
64% above national median
$1,804/mo
Median Rent
30% above national median
5.41%
Rent-to-Price Ratio
Top 66% nationally
-$926
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$400,406
Down Payment (20%)$80,081
Loan Amount$320,325
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,804
Monthly P&I-$2,099
Est. Expenses (35%)-$632
Net Cash Flow-$927/mo
3.5%
Cap Rate (all cash)
-12.1%
Cash-on-Cash Return
5.41%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.5% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
58/100
58
Cash Flow(30%)
51/100

Based on 5.41% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
85/100

Based on 5.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
44/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Strong price appreciation (+5.0% YoY)
  • +Low unemployment (0.0%)

Challenges

  • -Below-average rent-to-price ratio (5.41%)
  • -Negative cash flow at typical financing (-$926/mo)
  • -Negative leverage (cap rate 3.5% < mortgage rate 6.9%)

Counties in Norwich, CT

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
Marinette, WI
Marinette, WI
78$194,779Est.Strong BuyView
Peoria, IL
Peoria, IL
78$162,247$1,1458.47%Strong BuyView
Lawton, OK
Lawton, OK
78$148,862$1,0528.48%Strong BuyView
Marion, IN
Marion, IN
78$147,209Est.Strong BuyView
Marietta, OH
Marietta, OH
78$179,217$1,2808.57%Strong BuyView
Current
Norwich, CT
58$400,406$1,8045.41%Hold

The Bottom Line

HoldNorwich, CT is a neutral market. Consider house hacking or targeting below-market deals in specific counties.

The Norwich, CT metro area scores 58/100, ranking #564 of 894 US metros (top 63%). The 5.41% rent-to-price ratio may require targeting specific counties or creative strategies for positive cash flow. Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-926/mo
Cap Rate
3.5%
Cash-on-Cash
-13.9%

Ready to Invest in Norwich, CT?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

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