Refinance or buy a home with a low 3.5% down payment! Get Started Now ➔ Logo Norwich-New London Fair Market Rent FY 2017 Norwich-New London, CT HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Norwich-New London, CT :
$748 $832 $1,077 $1,440 $1,645
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Norwich-New London are very high compared to the national average. This FMR area is more expensive than 94% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Norwich-New London is $1,077 per month.

The previous year, rent for a two-bedroom home was $1,119 per month. This is a 3.75% decrease year-over-year.

This FMR rate applies to Hadlyme, CT, Versailles, CT, Hanover, CT, West Mystic, CT, South Lyme, CT, Yantic, CT, Old Mystic, CT, Gilman, CT, Mashantucket, CT, Montville, CT and other cities within the region. The Metro Code or CBSA code for this region is METRO35980M35980.

Additionally, This Fair Market Rent (FMR) area Norwich-New London, CT HUD Metro FMR Area spans nineteen counties or cities in Connecticut which ares listed in the table below. Estimated population of Norwich-New London, CT HUD Metro FMR Area FMR area is 250,679 people based on latest Census data.

Compared to the rest of Connecticut, the Norwich-New London FMR area is less expensive than 73% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Norwich-New London. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Norwich-New London

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 799
1-BR 1-Bedroom $ 890
2-BR 2-Bedroom $ 1151
3-BR 3-Bedroom $ 1539
4-BR 4-Bedroom $ 1758
Change Year:

The counties, cities, towns, and regions listed below fall into the Norwich-New London, CT HUD Metro FMR Area FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers one metro area: Hartford & New Haven.

County / Region Est. Population
Waterford town, CT Metro 19,517
Voluntown town, CT Metro 2,603
Stonington town, CT Metro 18,545
Sprague town, CT Metro 2,984
Salem town, CT Metro 4,151
Preston town, CT Metro 4,726
Old Lyme town, CT Metro 7,603
Norwich town, CT Metro 40,493
North Stonington town, CT Metro 5,297
New London town, CT Metro 27,620
Montville town, CT Metro 19,571
Lyme town, CT Metro 2,406
Lisbon town, CT Metro 4,338
Ledyard town, CT Metro 15,051
Groton town, CT Metro 40,115
Griswold town, CT Metro 11,951
Franklin town, CT Metro 1,922
East Lyme town, CT Metro 19,159
Bozrah town, CT Metro 2,627
Zip Codes in Norwich-New London, CT HUD Metro FMR Area

There are 37 unique zip codes in this Fair Market Rent (FMR) area:

06231, 06249, 06254, 06320, 06330, 06333, 06334, 06335, 06336, 06338, 06339, 06340, 06349, 06350, 06351, 06353, 06355, 06357, 06359, 06360, 06365, 06370, 06371, 06372, 06374, 06375, 06376, 06378, 06379, 06380, 06382, 06383, 06384, 06385, 06388, 06389 and 06439

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