Norway, IA is a small city located in the state of Iowa with a population of 818 people. The median value of homes in Norway, IA is $192,100 which is significantly lower than the United States median housing value of $338,100. Over the past year, the appreciation rate for housing in Norway, IA has been 4.75%, lower than the national average of 8.27%. Despite this slower appreciation rate, housing in Norway remains attractive to potential buyers due to its relatively low cost compared to many other parts of the US.
The median home cost in Norway is $192,100. Home appreciation the last 10 years has been 52.9%. Home Appreciation in Norway is up 11.4%.
Average Age of Homes
- The median age of Norway real estate is 68 years old
The Rental Market in Norway
- Renters make up 10.1% of the Norway population
- 0.0% of houses and apartments in Norway, 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.