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 | 79,695 homes | 13th |
| Home Price | $325,229 | 55th |
| Price Per sqft | $228/sqft | 70th |
| Lot Size | 0.50 acre(s) | 94th |
| Home Size | 1,404 sqft | 11th |
| 2 Year Price Growth | +15.17% | 58th |
| Demographics | Percentile | |
|---|---|---|
Home Age | 59 years | 18th |
Population Age | 0 years | 54th |
| Household Size | 2.31 people | 17th |
| Economics | Percentile | |
|---|---|---|
| Household Income | $83,819 | 78th |
| 2 Year Household Income Growth | +8.53% | 31st |
Unemployment Rate | 4.20% | 44th |
2 Year Unemployment Rate Difference | -0.80% | 35th |
ResiShares Market Factors | Percentile |
|---|---|
| Economic Growth Score | 55th |
| Population Growth Score | 17th |
| Price Growth Score | 58th |
Projected Annual Growth Percentile
Across the top 200 markets by population
3 Year Projected Rank:
57 / 200 ( 72nd %tile )Top 5 Historical T-RECS Matched Markets
1.
Portland-South Portland, ME
Year: 2015
Similarity Score: 81
2.
Worcester, MA-CT
Year: 2019
Similarity Score: 81
3.
Louisville/Jefferson County, KY-IN
Year: 2020
Similarity Score: 80
4.
Lansing-East Lansing, MI
Year: 2017
Similarity Score: 79
5.
Manchester-Nashua, NH
Year: 2020
Similarity Score: 79
| Market Details | Percentile | |
|---|---|---|
| Housing Population | 79,695 homes | 13th |
| Home Price | $325,229 | 55th |
| Price Per sqft | $228/sqft | 70th |
| Lot Size | 0.50 acre(s) | 94th |
| Home Size | 1,404 sqft | 11th |
| 2 Year Price Growth | +15.17% | 58th |
| Demographics | Percentile | |
|---|---|---|
Home Age | 59 years | 18th |
Population Age | 0 years | 54th |
| Household Size | 2.31 people | 17th |
| Economics | Percentile | |
|---|---|---|
| Household Income | $83,819 | 78th |
| 2 Year Household Income Growth | +8.53% | 31st |
Unemployment Rate | 4.20% | 44th |
2 Year Unemployment Rate Difference | -0.80% | 35th |
ResiShares Market Factors | Percentile |
|---|---|
| Economic Growth Score | 55th |
| Population Growth Score | 17th |
| Price Growth Score | 58th |