Housing in Norway, MI is quite affordable when compared to the US median value of $338,100. The median value of housing in Norway, MI is $100,800. This shows a vast difference in cost between the two locations. Additionally, over the past year, homes in Norway, MI have increased in value by 12.90%, which is significantly higher than the US 1 year house appreciation rate of 8.27%. This suggests that the housing market in Norway, MI is growing and may be a good opportunity for potential buyers looking for an affordable and increasing housing market.
The median home cost in Norway is $100,800. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Norway is up 23.1%.
Average Age of Homes
- The median age of Norway real estate is 70 years old
The Rental Market in Norway
- Renters make up 12.2% of the Norway population
- 2.6% 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.