Norwich, NY housing market
Home prices around Norwich have risen about 46% over the past 5 years. No new homes were permitted in 2024.
Home values, sales, trends and how Norwich compares with the towns next door — updated as new data is published.
Home prices up 46% in 5 years
The federal house price index for the ZIP codes around Norwich rose 46% over the past 5 years, slower than across New York (52%). Last year prices rose 20%. Carrying the Census median home value forward with that index puts the typical Norwich home at roughly $203,000 today.
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| Year | Change that year | Since 2000 | New York since 2000 |
|---|---|---|---|
| 2025 | +20% | +141% | +189% |
| 2024 | −7.1% | +101% | +173% |
| 2023 | +5.6% | +116% | +154% |
| 2022 | +16% | +104% | +135% |
| 2021 | +6.8% | +77% | +108% |
| 2020 | +2% | +65% | +90% |
| 2019 | +7.6% | +62% | +84% |
| 2018 | +2.9% | +51% | +78% |
| 2017 | +4.2% | +46% | +68% |
| 2016 | −9.9% | +40% | +61% |
| 2015 | +7.2% | +56% | +56% |
| 2014 | −3.7% | +46% | +52% |
| 2013 | +4.2% | +51% | +48% |
| 2012 | −0.7% | +45% | +47% |
| 2011 | −0.8% | +46% | +51% |
| 2010 | −3.8% | +47% | +54% |
| 2009 | −6% | +53% | +59% |
| 2008 | +8% | +63% | +69% |
| 2007 | −1% | +51% | +73% |
| 2006 | +9.5% | +52% | +73% |
| 2005 | +11% | +39% | +62% |
| 2004 | +10% | +25% | +43% |
| 2003 | −1.4% | +13% | +28% |
| 2002 | +6.4% | +15% | +18% |
| 2001 | +8% | +8% | +8.3% |
| 2000 | — | — | — |
How Norwich ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 13815, 13843, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
No new homes permitted in 2024
No permits for new homes were issued in Norwich in 2024. The last year with any was 2023 (1 new home).
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2024 | 0 | 0 | 0 | — |
| 2023 | 1 | 1 | 0 | $162,000 |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 4 | 4 | 0 | $648,000 |
| 2020 | 3 | 3 | 0 | $486,000 |
| 2019 | 3 | 3 | 0 | $486,000 |
| 2018 | 3 | 3 | 0 | $486,000 |
| 2017 | 3 | 3 | 0 | $486,000 |
| 2016 | 3 | 3 | 0 | $486,000 |
| 2015 | 3 | 3 | 0 | $486,000 |
| 2014 | 3 | 3 | 0 | $486,000 |
| 2013 | 6 | 6 | 0 | $817,000 |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 0 | 0 | 0 | — |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 0 | 0 | 0 | — |
| 2002 | 0 | 0 | 0 | — |
| 2001 | 19 | 19 | 0 | $1.8 million |
| 2000 | 10 | 10 | 0 | $588,000 |
Norwich's permit office didn't report to the Census in 2024, so the 2024 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Norwich and its neighbors
| Town | 1-yr change | 2-bed rent | New homes 2024 | Median income |
|---|---|---|---|---|
| Norwich | +20.2%† | $1,010 | 0 | $63,226 |
| Butternuts | — | $1,140 | — | $90,313 |
| New Berlin | — | $1,060 | — | $62,159 |
| North Norwich | +20.2%† | $1,070 | — | $77,955 |
† FHFA price index change, where Zillow has no home value for the town.
2 years of income
The typical Norwich home costs about 2 years of the town's median household income, less than across New York (6.1 years).
How Norwich ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,010
HUD's Fair Market Rent for a two-bedroom in Norwich is $1,010 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Norwich pay a median of $1,031. A two-bedroom takes about 19% of the town's median household income.
Studio $880 · 4 bedrooms $1,540
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (13815, 13843; Chenango County, NY), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Norwich
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.