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Norfolk

Learn about the people, housing, costs and businesses in Norfolk, Connecticut

Median Home$430,900
Median Rent$1,190/month
Population598
Leading IndustriesWholesale Trade · Retail · Professional Services14% wholesale trade
Retirees23% of residentsslightly above average
Homeowners81% of occupied units
NotableHigh Incomes$92k/year · top 23% nationally
Norfolk
CT

Frequently Asked Questions

What are today's mortgage rates in Norfolk?

As of today, the 30-year fixed mortgage rate for Norfolk is approximately 6.999% (7.039% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Norfolk?

The median home value in Norfolk is $431k. The median monthly rent is $1,190. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Norfolk?

Based on a typical all-in ownership cost of $1,441/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $62k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Norfolk is $92k/year.

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What industries drive the economy in Norfolk?

The largest employment sectors in Norfolk are retail (17%) and public administration (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.