The story of this market
The typical home in ZIP 06360 sells for about $275,000, or $197 per square foot.
Prices are roughly flat from a year ago (-0.97%), a market in balance. Homes take about 33 days to sell. HUD's fair market rent for a two-bedroom is $1,248 a month.
ZIP 06360 — Norwich
The 06360 housing market is characterized by a median sale price of $275,000 and limited inventory, which continues to exert pressure on buyers. While rental demand remains sustained, elevated vacancy rates suggest a cautious outlook for investors. Several metrics, including specific tax rates and school ratings, were not determinable at the ZIP level.
This area is suited for budget-conscious buyers and renters looking for affordability in the Norwich-New London market, though investors should be cautious of higher vacancy risks.
Median prices moved down 1.0% year over year.
Homes spend a median of 33 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 8.3% · poverty 16.0% — a mixed stability profile.
ZCTA 06360, 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.
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 rental market shows sustained demand with a median rent of $1,750, though the ZIP experiences elevated vacancy rates of approximately 10.6%.
The local economy is anchored by the broader Norwich-New London regional market, with a mix of industrial and service-sector employment.
Data sourced from Repit.org and Realtor.com market reports.
- Great Wolf Lodge | Mashantucket, CT3.88.7 mi
- Ocean Beach Park4.416.9 mi
- Supercharged Indoor Karting and Axe Throwing4.411.2 mi
- The Dinosaur Place4.411.1 mi
- Nature's Art Village4.511.1 mi
- Mohegan Sun4.54.3 mi
- Foxwoods Resort Casino4.38.4 mi
- Mohegan Sun Arena4.64.3 mi
- Supercharged Indoor Karting and Axe Throwing4.411.2 mi
- Harry A. Gampel Pavilion4.719.5 mi
- Foxwoods Resort Casino4.38.4 mi
- Great Wolf Lodge | Mashantucket, CT3.88.7 mi
- Supercharged Indoor Karting and Axe Throwing4.411.2 mi
- The Dinosaur Place4.411.1 mi
- B.F. Clyde's Cider Mill4.612.6 mi
- Mystic Seaport Museum4.614.6 mi
- B.F. Clyde's Cider Mill4.612.6 mi
- Mashantucket Pequot Museum & Research Center4.78.6 mi
- Submarine Force Library & Museum4.811.5 mi
- Nature's Art Village4.511.1 mi
- The Dinosaur Place4.411.1 mi
- Mohegan Park4.60.8 mi
- Hopeville Pond State Park4.68.8 mi
- Pachaug State Forest4.610.9 mi
- Gardner Lake State Park4.38.3 mi
- Mystic Downtown Marina4.715.1 mi
- Three Belles Marina4.715.8 mi
- Mystic River Marina4.515.9 mi
- Foxwoods Resort Casino4.38.4 mi
- Lake of Isles4.68.3 mi
- River Ridge Golf Course4.25.6 mi
- Mohegan Sun Golf Club4.26 mi
- Great Brook Sports412.3 mi
- Tanger Outlets Foxwoods4.48.3 mi
- Burlington4.212.9 mi
- Nature's Art Village4.511.1 mi
- ShopRite of Norwich4.12.9 mi
- ShopRite of New London4.112.6 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.