The housing in Norton, MN is quite expensive compared to the national median value. The median value of a house in Norton is $485,200, which is $147,100 more than the US median value of $338,100. Despite the higher cost of housing in Norton, appreciation rates for homes have still been relatively solid as they have increased 6.78% over the last year compared to the US average of 8.27%. This indicates that the housing market in Norton is stable and attractive to potential buyers.
The median home cost in Norton is $485,200. Home appreciation the last 10 years has been 78.4%. Home Appreciation in Norton is up 11.4%.
Average Age of Homes
- The median age of Norton real estate is 40 years old
The Rental Market in Norton
- Renters make up 34.0% of the Norton population
- 0.0% of houses and apartments in Norton, 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.