Norfolk, MN is a great place to live, with a median housing value of $259,200 that is significantly lower than the national median value of $338,100. The US has seen an appreciation of 8.27% in their housing values over the last year, while Norfolk has seen an even greater appreciation rate of 8.85%. This means that people who have invested in housing in Norfolk are seeing great returns on their investment and it is likely to continue to increase over time. With these strong numbers, it's easy to see why Norfolk is a desirable place to live and invest in real estate.
The median home cost in Norfolk is $259,200. Home appreciation the last 10 years has been 80.7%. Home Appreciation in Norfolk is up 11.5%.
Average Age of Homes
- The median age of Norfolk real estate is 67 years old
The Rental Market in Norfolk
- Renters make up 26.4% of the Norfolk population
- 0.0% of houses and apartments in Norfolk, 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.