Norway Lake, ND is a small town located in the Midwestern United States. The median house value is currently $158,500 which is significantly lower than the US median house value of $338,100. Despite this, Norway Lake has seen a higher appreciation rate of 9.41% compared to the US 1 year appreciation rate of 8.27%. This indicates that there is potential for significant growth in the housing market and many people are choosing to invest in Norway Lake real estate.
The median home cost in Norway Lake is $158,500. Home appreciation the last 10 years has been 51.1%. Home Appreciation in Norway Lake is up 10.5%.
Average Age of Homes
- The median age of Norway Lake real estate is 44 years old
The Rental Market in Norway Lake
- Renters make up 23.5% of the Norway Lake population
- 0.0% of houses and apartments in Norway Lake, 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.