The housing in Norman, AR is significantly lower than the US average with a median value of $97,900 compared to the national median value of $338,100. However, Norman has seen an impressive 19.03% appreciation in housing prices over the past year which is higher than the national average of 8.27%. This suggests that despite the lower median value, Norman has potential for a good return on investment in terms of rising property values and should be considered by those looking to buy into the housing market.
The median home cost in Norman is $97,900. Home appreciation the last 10 years has been 65.8%. Home Appreciation in Norman is up 19.0%.
Average Age of Homes
- The median age of Norman real estate is 52 years old
The Rental Market in Norman
- Renters make up 23.9% of the Norman population
- 0.0% of houses and apartments in Norman, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.