Refinance or buy a home with a low 3.5% down payment! Get Started Now ➔ Logo Norwich-New London Fair Market Rent FY 2023 Norwich-New London, CT HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Norwich-New London, CT :
$970 $1,177 $1,450 $1,878 $2,470
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Metro Area

Fair Market Rent prices in Norwich-New London are very low compared to the national average. This FMR area is less expensive than 100% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Norwich-New London is $1,450 per month.

The previous year, rent for a two-bedroom home was $1,254 per month. This is a 15.63% increase 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 which ares listed in the table below. Estimated population of Norwich-New London, CT HUD Metro FMR Area FMR area is 243,808 people based on latest Census data.

Rents Map

Click on the map to view more another region.

See Nationwide Map

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 $ 1030
1-BR 1-Bedroom $ 1251
2-BR 2-Bedroom $ 1541
3-BR 3-Bedroom $ 1996
4-BR 4-Bedroom $ 2625
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 2,614
East Lyme town, CT Metro 18,618
Franklin town, CT Metro 1,837
Griswold town, CT Metro 11,627
Groton town, CT Metro 38,634
Ledyard town, CT Metro 14,730
Lisbon town, CT Metro 4,246
Lyme town, CT Metro 2,425
Montville town, CT Metro 18,747
New London town, CT Metro 27,001
North Stonington town, CT Metro 5,239
Norwich town, CT Metro 39,112
Old Lyme town, CT Metro 7,371
Preston town, CT Metro 4,644
Salem town, CT Metro 4,096
Sprague town, CT Metro 2,887
Stonington town, CT Metro 18,539
Voluntown town, CT Metro 2,530
Waterford town, CT Metro 18,911
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

Lookup Fair Market Rent by Zip Code
Refinance or buy a home with a low 3.5% down payment! Get Started Now ➔