HousingHandbookReference data

U.S. ZIP Code · CT06360

New London County

Typical home value

$295,531[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+5.8%
5-year / yr
+9.7%
10-year / yr
+8.1%

Relative price

vs U.S.
+4.0%
vs metro
vs state
-32.0%
ZIP 06360 location in CT
Location of ZIP 06360 in CT

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 06360 is worth $295,531. Over the past year, values have risen 5.8%. Homes here rent for a typical $1,804 a month — a 7.3% gross rental yield. The effective property tax rate is 1.9%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$1,804[2]
Gross yield
7.3%[2]
Cap rate
4.4%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
1.9%[3]
Typical annual tax
$5,723[3]

#Climate risk

FEMA National Risk Index ratings for New London County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
[4]
Riverine flood
Coastal flood
Wildfire
Drought
Heat wave
Hurricane
Tornado
Earthquake
Winter weather

#Who lives here

Population
37,216[3]
Median household income
$65,539[3]

#Migration

Household moves in and out of New London County over a year, from IRS tax-return data.

Net migration
[5]
Moved in
Moved out

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
12
Elementary
7
Middle
2
High
3
  • Norwich Free Academy

    High · Grades 9–12 · Norwich Free Academy District

    2,001 students

  • Norwich Technical High School

    High · Grades 9–12 · Connecticut Technical Education and Career System

    642 students

  • Kelly STEAM Magnet Middle School

    Middle · Grades 6–8 · Norwich School District

    548 students

  • Teachers' Memorial Global Studies Magnet Middle School

    Middle · Grades 6–8 · Norwich School District

    486 students

  • Moriarty Magnet School

    Elementary · Grades PK–5 · Norwich School District

    461 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield7.3%
Net yield (after ~40% expenses)4.4%
Annual rent$21,645

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,494
Loan principal$236,425
Down payment$59,106
Total interest paid$301,547

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio1.23
Monthly cost to own$2,218
Monthly rent$1,804

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 06360?
The typical home in 06360 is worth $295,531, based on the Zillow Home Value Index.
Are home values rising in 06360?
Home values in 06360 are up 5.8% over the past year, and up 9.7% a year over five years.
What is the typical rent in 06360?
A typical home in 06360 rents for about $1,804 a month, a gross rental yield of 7.3%.
What is the property tax rate in 06360?
The effective property tax rate in 06360 is 1.9% — roughly $5,723 a year on a typical home.
Who lives in 06360?
ZIP code 06360 has a population of 37,216 and a median household income of $65,539.

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