The story of this market
The typical home in ZIP 06330 sells for about $445,000, or $215 per square foot.
Prices are up +10% from a year ago, so sellers still have some momentum. Homes take about 38 days to sell. HUD's fair market rent for a two-bedroom is $1,270 a month.
ZIP 06330 — Sprague
The Norwich housing market is experiencing strong demand as buyers from higher-cost Northeast metros seek more affordable alternatives. While inventory remains tight, price growth has been steady, supported by the regional defense and healthcare employment base. The market is currently characterized by competitive bidding for well-priced homes, though elevated mortgage rates continue to temper overall transaction volume.
This ZIP is well-suited for budget-conscious family buyers and commuters working in the New London-Groton defense corridor who are seeking more value than is available in the Boston or Providence metros. It also attracts investors looking for stable rental demand.
Median prices moved up 10.0% year over year.
Homes spend a median of 38 days on market with 3.2 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.6% · poverty 6.4% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 10.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 06330, New London County, CT
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Norwich are generally consistent with regional averages for mid-sized Connecticut cities, with property crime being the primary concern. Local law enforcement reports stable trends, though residents often perceive higher safety in the suburban outskirts compared to the downtown core.
The area is served by Norwich Public Schools, which generally receive mixed performance ratings; some magnet and specialized programs within the district are highly regarded for their academic focus.
The region faces moderate risks from severe wind events and localized flooding near the Thames and Yantic rivers. Insurance premiums are rising in line with broader Connecticut coastal and riverine trends.
Economic momentum is driven by the healthcare and defense sectors, with proximity to major employers like Electric Boat in nearby Groton. Infrastructure improvements are focused on revitalizing the downtown corridor and enhancing transit connectivity.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Connecticut) — Municipal Real Property Tax Assessment & Mill Rate Mechanics: Under C.G.S. § 12-62a, all taxable real property is assessed uniformly at a mandatory 70% assessment ratio of its fair market value (FMV). Real property tax is computed annually using the formula: Assessed Value = Fair Market Value × 0.
Commuters primarily utilize I-395 and Route 2 to access employment hubs in New London and Groton. Public transit options are limited, making personal vehicle ownership essential for most residents.
The area features significant outdoor amenities including Mohegan Park, the Yantic River Falls, and various local trail networks. Shopping and dining are concentrated in the downtown district and along the major commercial corridors.
The rental market is characterized by low vacancy rates and steady demand from workers in the regional defense and healthcare industries. Short-term rental activity is present but remains a small fraction of the total housing stock.
The economy is anchored by the healthcare sector, including Backus Hospital, and proximity to the defense manufacturing industry in the New London-Groton area. The city serves as a regional commercial hub for eastern Connecticut.
The area is served by major highway corridors including I-395 and Route 2, providing access to the broader New England region. Local bus services are provided by SEAT (Southeast Area Transit).
Development is currently focused on adaptive reuse of historic structures in the city center and small-scale residential infill. There is limited new large-scale greenfield development planned.
The city's assessment office manages property valuations, with revaluations occurring on a state-mandated cycle to ensure tax equity.
Parcels are subject to municipal property taxes and may fall within specific fire or water districts depending on the exact location within the city.
Property insurance costs are influenced by regional hazard profiles, including flood risks near riverfront areas and wind exposure common to the Connecticut coastline.
Connecticut has seen modest net domestic migration, with the Norwich area attracting residents from higher-cost markets in New York and Massachusetts.
Connecticut is a judicial foreclosure state, requiring court intervention for the foreclosure process, which typically results in longer timelines for lenders.
Sellers are required to provide a standard residential property condition disclosure report to buyers, covering major systems and known defects.
Data retrieved from data.census.gov using ZCTA 06330 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Great Wolf Lodge | Mashantucket, CT3.812.8 mi
- Supercharged Indoor Karting and Axe Throwing4.415.8 mi
- The Dinosaur Place4.415.5 mi
- Nature's Art Village4.515.5 mi
- Mystified Escape Rooms4.719.1 mi
- Mohegan Sun4.59.6 mi
- Foxwoods Resort Casino4.312.6 mi
- Mohegan Sun Arena4.69.6 mi
- Harry A. Gampel Pavilion4.715 mi
- Supercharged Indoor Karting and Axe Throwing4.415.8 mi
- Foxwoods Resort Casino4.312.6 mi
- Great Wolf Lodge | Mashantucket, CT3.812.8 mi
- Mansfield Drive-in Theatre & Marketplace4.611.8 mi
- Mashantucket Pequot Museum & Research Center4.712.9 mi
- AMC CLASSIC Lisbon 124.15.8 mi
- Mystic Seaport Museum4.619.6 mi
- B.F. Clyde's Cider Mill4.617.3 mi
- Mashantucket Pequot Museum & Research Center4.712.9 mi
- Submarine Force Library & Museum4.816.8 mi
- Nature's Art Village4.515.5 mi
- Mohegan Park4.65.8 mi
- Hopeville Pond State Park4.68.3 mi
- Diana's Pool4.610.5 mi
- Mansfield Hollow State Park4.710.4 mi
- Pachaug State Forest4.611.1 mi
- Norwich Marina4.57.4 mi
- Foxwoods Resort Casino4.312.6 mi
- Lake of Isles4.612.2 mi
- River Ridge Golf Course4.26.3 mi
- Mohegan Sun Golf Club4.21.6 mi
- Windham Golf Course3.98.5 mi
- Tanger Outlets Foxwoods4.412.5 mi
- ShopRite of Norwich4.18.1 mi
- Big Y4.49.6 mi
- Holmberg Orchards4.611.3 mi
- Big Y4.38.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The city's largest park featuring trails, a swimming beach, and picnic areas.
A scenic natural waterfall located near the historic downtown area.
A public 18-hole course serving the local community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.