Median home value: $303K (+6.5% YoY). Rent: $1,560/mo. Price-to-rent: 16.2x. Part of Norwich-New London, CT.
Limited Data
Basic Zillow data only. For stress scores, AI analysis, and trends, Norwich-New London, CT metro page.
Home Value$303,333
+6.5%
Rent$1,560/mo
AFFORDABILITYRenting $588/mo cheaper ($1,560 rent)6.00% 30yr, 20% down, county tax + CT ins. 28% per HUD.
Enter your income for New London.
$60,667 on $303,333
Stretch — 34.4% of income
Above 28% but manageable with cuts.
PITI$2,148
P/I34.4%
Afford$247K
Gap-$56K
P&I $1,455Tax $543Ins $150
Home Buying Kit For Dummies (2025)Financing, negotiation, closing