Norway, IN is a great place to consider buying a home. The median home value in Norway, IN is $151,600, which is significantly lower than the US House Median Value of $338,100. Furthermore, the 1 year appreciation rate for homes in Norway, IN is 10.75%, slightly higher than the US average of 8.27%. This makes it an attractive option for anyone looking to invest in a home within their budget. Additionally, with the potential for such a strong return rate on their investment, homeowners are likely to see their equity increase and build wealth in Norway, IN quickly.
The median home cost in Norway is $151,600. Home appreciation the last 10 years has been 84.4%. Home Appreciation in Norway is up 14.6%.
Average Age of Homes
- The median age of Norway real estate is 36 years old
The Rental Market in Norway
- Renters make up 19.7% 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.