Housing in Norfolk, NY is quite affordable relative to the US average. The median value of a house in Norfolk is $116,300, which is significantly lower than the US median value of $338,100. Additionally, over the past year houses have appreciated by 9.27% in Norfolk, compared to 8.27% appreciation nationwide. This means that homeowners in Norfolk are seeing a higher rate of return on their investment than the national average. Overall, Norfolk offers an attractive housing market for potential buyers or those looking to invest in real estate.
The median home cost in Norfolk is $116,300. Home appreciation the last 10 years has been 30.9%. Home Appreciation in Norfolk is up 11.4%.
Average Age of Homes
- The median age of Norfolk real estate is 55 years old
The Rental Market in Norfolk
- Renters make up 25.0% of the Norfolk population
- 0.0% 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.