T-RECS
powered by ResiShares
Trended Real Estate Comparison Scores (T-RECS) compare current real estate markets with their closest analogs in history, to project their most probable trajectories going forward.
Read more about our T-RECS model hereWhere willrank amongst housing markets for price growth?
Norwich-New London, CT
State
Connecticut
Region
Northeast
2021 Population
268,805
| Market Details | Percentile | |
|---|---|---|
| Housing Population | 88,503 homes | 10th |
| Home Price | $291,500 | 53rd |
| Price Per sqft | $202/sqft | 60th |
| Lot Size | 0.48 acre(s) | 93rd |
| Home Size | 1,404 sqft | 16th |
| 2 Year Price Growth | +21.77% | 58th |
| Demographics | Percentile | |
|---|---|---|
Home Age | 58 years | 20th |
Population Age | 42 years | 17th |
| Household Size | 2.32 people | 12th |
| Economics | Percentile | |
|---|---|---|
| Household Income | $78,828 | 79th |
| 2 Year Household Income Growth | +4.22% | 31st |
Unemployment Rate | 5.20% | 62nd |
2 Year Unemployment Rate Difference | +0.40% | 76th |
ResiShares Market Factors | Percentile |
|---|---|
| Economic Growth Score | 67th |
| Population Growth Score | 10th |
| Price Growth Score | 8th |
Projected Annual Growth Percentile
Across the top 200 markets by population
3 Year Projected Rank:
64 / 200 ( 68th %tile )Top 5 Historical T-RECS Matched Markets
1.
Providence-Warwick, RI-MA
Year: 2019
Similarity Score: 89
2.
Springfield, MA
Year: 2016
Similarity Score: 87
3.
Green Bay, WI
Year: 2012
Similarity Score: 86
4.
York-Hanover, PA
Year: 2014
Similarity Score: 85
5.
Albany-Schenectady-Troy, NY
Year: 2016
Similarity Score: 85
| Market Details | Percentile | |
|---|---|---|
| Housing Population | 88,503 homes | 10th |
| Home Price | $291,500 | 53rd |
| Price Per sqft | $202/sqft | 60th |
| Lot Size | 0.48 acre(s) | 93rd |
| Home Size | 1,404 sqft | 16th |
| 2 Year Price Growth | +21.77% | 58th |
| Demographics | Percentile | |
|---|---|---|
Home Age | 58 years | 20th |
Population Age | 42 years | 17th |
| Household Size | 2.32 people | 12th |
| Economics | Percentile | |
|---|---|---|
| Household Income | $78,828 | 79th |
| 2 Year Household Income Growth | +4.22% | 31st |
Unemployment Rate | 5.20% | 62nd |
2 Year Unemployment Rate Difference | +0.40% | 76th |
ResiShares Market Factors | Percentile |
|---|---|
| Economic Growth Score | 67th |
| Population Growth Score | 10th |
| Price Growth Score | 8th |