Norman, MI is an excellent place to own a home. The median value of a house in Norman is $165,100, which is significantly lower than the US median of $338,100. Furthermore, the housing market in Norman has seen strong appreciation over the past year at 15.49%, much higher than the US average of 8.27%. This makes for a great investment opportunity and shows that the housing market in Norman is strong and growing.
The median home cost in Norman is $165,100. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Norman is up 19.8%.
Average Age of Homes
- The median age of Norman real estate is 39 years old
The Rental Market in Norman
- Renters make up 8.6% of the Norman population
- 0.0% of houses and apartments in Norman, 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.