Logo Norwich-New London Fair Market Rent FY 2020 Norwich-New London, CT HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Norwich-New London, CT :
$815 $938 $1,191 $1,542 $1,908
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 $1,191 per month.

The previous year, rent for a two-bedroom home was $1,143 per month. This is a 4.2% increase year-over-year.

This FMR rate applies to West Mystic, CT, Gilman, CT, Yantic, CT, Mashantucket, CT, Old Mystic, CT, Hadlyme, CT, Versailles, CT, Hanover, CT, South Lyme, 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 0 people based on 2000 Census data.

Compared to the rest of Connecticut, the Norwich-New London FMR area is less expensive than 62% 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 $ 863
1-BR 1-Bedroom $ 992
2-BR 2-Bedroom $ 1260
3-BR 3-Bedroom $ 1631
4-BR 4-Bedroom $ 2018
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
Bozrah town, CT Metro 0
East Lyme town, CT Metro 0
Franklin town, CT Metro 0
Griswold town, CT Metro 0
Groton town, CT Metro 0
Ledyard town, CT Metro 0
Lisbon town, CT Metro 0
Lyme town, CT Metro 0
Montville town, CT Metro 0
New London town, CT Metro 0
North Stonington town, CT Metro 0
Norwich town, CT Metro 0
Old Lyme town, CT Metro 0
Preston town, CT Metro 0
Salem town, CT Metro 0
Sprague town, CT Metro 0
Stonington town, CT Metro 0
Voluntown town, CT Metro 0
Waterford town, CT Metro 0
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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