The housing market in Norman, OK is flourishing. The median value of homes in the area is $237,200, which is significantly lower than the US house median value of $338,100. In addition to this attractive price point, the 1 year house appreciation rate in Norman is 11.89%, higher than the US average of 8.27%. This demonstrates that Norman remains an attractive area for potential homeowners and those looking to invest in real estate.
The median home cost in Norman is $237,200. Home appreciation the last 10 years has been 71.9%. Home Appreciation in Norman is up 17.4%.
Average Age of Homes
- The median age of Norman real estate is 33 years old
The Rental Market in Norman
- Renters make up 39.3% of the Norman population
- 3.6% 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.