The housing market in Normania, ND is a growing one. The median value of homes in the area is $43,100, which is significantly lower than the US house median value of $338,100. Despite this disparity, house appreciation in Normania has been on the rise, with an impressive 1 year appreciation rate of 9.41%, slightly higher than the US 1 year house appreciation rate of 8.27%. This suggests that now may be a great time to invest in housing in Normania as there are still relatively affordable prices and a strong upward trend for property values.
The median home cost in Normania is $43,100. Home appreciation the last 10 years has been 51.1%. Home Appreciation in Normania is up 10.5%.
Average Age of Homes
- The median age of Normania real estate is 78 years old
The Rental Market in Normania
- Renters make up 42.9% of the Normania population
- 0.0% of houses and apartments in Normania, 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.