The story of this market
The typical home in ZIP 06354 sells for about $350,000, or $232 per square foot.
Prices are up +8.9% from a year ago, so sellers still have some momentum. Homes take about 12 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,066 a month.
ZIP 06354 — Franklin
The housing market in the Norwich-New London area shows signs of stability with a competitive seller's market environment. Prices have seen moderate year-over-year growth, and homes are moving relatively quickly, reflecting strong demand relative to available inventory.
Median prices moved up 8.9% year over year.
Homes spend a median of 12 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 104% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.3% · poverty 8.5% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 06354
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
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.
The area is part of the Norwich-New London-Willimantic metropolitan statistical area, which features a diverse economy anchored by regional services and manufacturing.
Data for this specific ZCTA is limited in public ACS datasets.
- Great Wolf Lodge | Mashantucket, CT3.817.2 mi
- Launch Family Entertainment Warwick4.419.7 mi
- Urban Air Trampoline and Adventure Park4.619.1 mi
- Chuck E. Cheese419.9 mi
- The RI Riddle Room: Escape Games4.919.5 mi
- Mohegan Sun4.519 mi
- Foxwoods Resort Casino4.317.2 mi
- Mohegan Sun Arena4.619.1 mi
- Thompson Speedway Motorsports Park4.718.7 mi
- Woodstock Fair4.416.1 mi
- AMC CLASSIC Lisbon 124.111 mi
- Hopeville Pond State Park4.68 mi
- Amarante's Winter Wonderland4.99.1 mi
- Pachaug State Forest4.68.8 mi
- Mashamoquet Brook State Park4.511.8 mi
- Mashantucket Pequot Museum & Research Center4.717.7 mi
- Historic New England's Roseland Cottage4.717.3 mi
- Slater Memorial Museum4.616.3 mi
- Uncas' Leap at Yantic Falls4.616.8 mi
- The Stomping Ground4.514.2 mi
- Logee's Plants for Home & Garden4.57.2 mi
- Hopeville Pond State Park4.68 mi
- Pachaug State Forest4.68.8 mi
- Mashamoquet Brook State Park4.511.8 mi
- Old Furnace State Park4.75.3 mi
- Norwich Marina4.517 mi
- River Ridge Golf Course4.210.8 mi
- Big Y4.34.2 mi
- Big Y4.35.6 mi
- Lisbon Landing4.410.8 mi
- T.J. Maxx4.49 mi
- Killingly Commons4.38.9 mi
- Rhode Island T.F. Green International Airport4.422.8 mi
- Boston Skydive Center524.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.