Norman, NC is a great place to live for those looking for a great value in housing. The median value of a home in Norman, NC is $111,400, which is significantly lower than the US median value of $338,100. Furthermore, the appreciation rate for homes in Norman over the past year has been 16.91%, far higher than the overall US rate of 8.27%. This makes it an attractive option for house-buyers that want to invest in real estate and benefit from potential appreciation down the road.
The median home cost in Norman is $111,400. Home appreciation the last 10 years has been 61.0%. Home Appreciation in Norman is up 19.9%.
Average Age of Homes
- The median age of Norman real estate is 68 years old
The Rental Market in Norman
- Renters make up 50.6% of the Norman population
- 0.0% of houses and apartments in Norman, 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.