Norfolk, NE Housing


2 Reviews



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United States / Nebraska / Norfolk Metro Area / Madison County / Norfolk / Zip Codes
The housing in Norfolk, NE is quite affordable compared to the US median house value of $338,100. The median value of a house in Norfolk, NE is $213,400 - over $125,000 cheaper than the national average. On top of that, the appreciation rate for houses in Norfolk, NE is 7.91%, slightly lower than the national average of 8.27%. This makes buying a home in Norfolk a great option for those looking for an affordable and lucrative investment.

The median home cost in Norfolk is $213,400. Home appreciation the last 10 years has been 94.3%. Home Appreciation in Norfolk is up 16.3%.

Average Age of Homes
- The median age of Norfolk real estate is 44 years old
The Rental Market in Norfolk
- Renters make up 39.7% of the Norfolk population
- 1.7% of houses and apartments in Norfolk, 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.

Median Monthly Rent by Number of Bedrooms

   Housing by Year Built

  HousingNorfolk, NebraskaUnited States
  10,964.0139,647,020.0
  4742
  $213,400$338,100
  16.3%16.6%
  48.5%57.0%
  94.3%101.1%
  $15.60$10.98
  $2,550$2,690
  57.1%57.4%
  7.4%11.2%
  35.5%31.4%
  Vacant Housing
  1.7%1.9%
  1.3%0.4%
  0.4%0.7%
  0.6%0.4%
  0.8%3.6%
  2.6%4.1%
  Value of Owner-Occupied Housing
  2.9%2.6%
  1.4%2.4%
  3.8%2.8%
  5.8%3.9%
  6.8%4.5%
  21.8%11.3%
  22.6%13.0%
  23.5%20.1%
  6.9%13.6%
  1.9%8.3%
  2.1%9.7%
  0.2%3.9%
  0.1%2.2%
  0.0%0.8%
  0.1%1.1%
  Housing Units by Year Structure Built
  0.0%0.2%
  7.5%13.6%
  7.5%13.6%
  11.8%13.6%
  14.3%13.2%
  20.3%14.8%
  11.8%13.6%
  8.4%10.0%
  5.1%4.7%
  18.3%12.2%
Reviews for Norfolk
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Jill · Norfolk, NE
Great family place!
Over 4 years ago

Moved here 16 years ago from OH/IN area. Great place to raise kids, great place for elderly. People are community-minded. Yes, it is 1.5-2 hours away from any major  More

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Chris · Norfolk, NE
Job Market
Over 19 years ago

Norfolk is a stale job market, two of 5 major employer have or will closing their doors. There is little in the way of industy here. That coupled with being taxed to  More

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