Home Values

Town of Norwich Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$78,000

  • 1.4% 1-year change
  • None 1-year forecast

The median home value in Town of Norwich is $78,000. Town of Norwich home values have gone up 1.4% over the past year. The median list price per square foot in Town of Norwich is None.

Foreclosures will be a factor impacting home values in the next several years. In Town of Norwich 6.9 homes are foreclosed (per 10,000). This is lower than the Chenango County value of 9.4 and also greater than the national value of 3.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Town of Norwich is 5.2%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Town of Norwich homeowners underwater on their mortgage is 21.5%, which is higher than Chenango County at 18.5%.

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Relative ZHVI
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Town of Norwich Market Overview

Data through Apr 30, 2015
  • $78,000 ZHVI
  • No data 1-yr forecast
  • No data Median listing price
  • No recent data Median sale price
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Town of Norwich Market Health

Data through Apr 30, 2015
  • No recent data Stable
  • No data Average days on Zillow
  • 21.5% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 5.2% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

6.9 homes(Mar 31, 2015) Town of Norwich
9.4 homes(Mar 31, 2015) Chenango County
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Butternuts $107,500
North Norwich $83,700
Guilford $79,400
Name Median ZHVI
Town of Bainbridge $78,300
Town of Sherburne $78,000
Town of New Berlin $75,800
Name Median ZHVI
Town of Oxford $74,600
 
 

Listings & Sales

  • No data
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Town of Norwich Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,299 Town of Norwich
    $1,352 Chenango County
    $1,364 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 0.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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