Real Estate Investing in Norwich, New York (13844)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13844 (Norwich, NY)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 20.9% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Norwich, NY (13844)?
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Market Analysis: 13844 Norwich
Investors eyeing 13844 need to respect the fundamentals at play. Home values of $160K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 13844 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 13844 and stronger Norwich ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 13844 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 13844 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Norwich:
Market Trends
Home Value History (with trend line)
📊 How Does 13844 Compare?
| Metric | 13844 | Norwich | New York |
|---|---|---|---|
| Home Value | $160,132 | $158,474 | $505,608 |
| 5-Year CAGR | 7.1% | 6.4% | 6.6% |
| Avg Rent | $900 | $905 | - |
| Cap Rate | 4.4% | 4.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13844 (Norwich, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $160,132 |
| Monthly Rent | $900 |
| Price-to-Rent | 14.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.4% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +13.3% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 13844
Population: 543
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is Norwich, NY suited for a house hack?
House hacking in Norwich, NY is reasonable to execute. Prices around $160K and rents of $900/mo solid owner-occupant economics.
What is the renter demographic in Norwich, NY?
Tenant demand in Norwich, NY is solid. The local workforce $900/mo rents across most rental classes.
How much does a house cost in Norwich, NY?
Median home price in Norwich, NY is near $160K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
Is NY a landlord-friendly state?
NY law tenant-protective for landlords, and Norwich inherits those rules. Investors should still review local ordinances for rental licensing.
Are rents high in Norwich, NY?
Rental rates in Norwich, NY average $900/mo. Tenant demand and $160K home values make the yield look reasonable by investor standards.
You know 13844 now. You don’t know where it ranks.
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