Property prices for rent in Norwich (Connecticut)

The rent prices in real estate in Norwich, in the Connecticut region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.

$1,446.17
Average price last 6 months
$1.33
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Norwich has fallen during the last 6 months. In August, the average price per sq.feet was $1.42. In the following month the price per sq.feet fell to $1.29. The price for the following two months in (October, November) fell 91 % with regard to the previous two months. The price per sq.feet has risen 108 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1.3 to $1.39 during December, and January.

Average price

When referring to the price in Norwich (cities), this has fallen in the last 6 months. The average price for August is $1,631. During September the price had a considerable fall till $1,339. During the following two months (October, November) the average price fell 92 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,426.5 and $1,485.5 between December and January.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,477 they are 16 % more affordable than the average price for Norwich . The properties with the highest average price have 4 bedrooms, Their price is 41 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,689.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.07 / sq.feet, with an average $1.46 / sq.feet price in Norwich. The properties with the most expensive average prices have 1 bedroom. They are 15 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.39 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,477 it is 26 % more affordable than the average price in Norwich. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,446 it is 10 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.39 / sq.feet followed by "Condo" priced at $1.41 / sq.feet. "Condo" is the most affordable type of property with a $1.41 / sq.feet value followed by "House" with an average price of $1.39 / sq.feet.

Charts data
Average price January
Average price per sq.feet January
Number of properties used in Norwich
Number of properties used in region Connecticut
$1,477
$1.46
1,832
118,576
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value