Norway Lake, MN is a great place to live with a healthy real estate market. The median value of housing in Norway Lake is currently $309,800, which is slightly less than the US house median value of $338,100. However, the 1 year house appreciation in Norway Lake has been greater than the national average at 11.72%, compared to 8.27% in the US overall. This indicates that Norway Lake has seen significant growth over the past year and continues to be an attractive option for those looking to invest in real estate.
The median home cost in Norway Lake is $309,800. Home appreciation the last 10 years has been 65.4%. Home Appreciation in Norway Lake is up 12.9%.
Average Age of Homes
- The median age of Norway Lake real estate is 54 years old
The Rental Market in Norway Lake
- Renters make up 5.3% 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.