The housing in Norman, ND is a great option for those looking to purchase real estate. The median value of homes in Norman is approximately $175,200 and this is significantly lower than the US median value of $338,100. In addition to being more affordable, the rate of house appreciation in the last year has been 12.36%, which is higher than the US average of 8.27%. As such, buying a home in Norman now could be a great investment opportunity as it may appreciate faster than other areas in the US.
The median home cost in Norman is $175,200. Home appreciation the last 10 years has been 77.7%. Home Appreciation in Norman is up 13.5%.
Average Age of Homes
- The median age of Norman real estate is 78 years old
The Rental Market in Norman
- Renters make up 0.0% 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.