Norman County, MN Housing

Norman, MN County is an attractive area for housing, as evidenced by its median value of $145,000. This is significantly lower than the US House Median Value of $338,100 and provides a more affordable option for those looking to purchase a home. Although the US experienced an appreciation rate of 8.27% in the past year, Norman's appreciation rate was slightly lower at 6.78%. Nevertheless, this still represents solid growth and provides stability in the local housing market.

The median home cost in Norman County is $145,000. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Norman County is up 13.6%.

Average Age of Homes

- The median age of Norman County real estate is 55 years old

The Rental Market in Norman County

- Renters make up 16.2% of the Norman County population
- 3.1% of houses and apartments in Norman County, 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

Housing	Norman, Minnesota	United States
	3,250.0	139,647,020.0
	60	42
	$145,000	$338,100
	13.6%	16.6%
	38.7%	57.0%
	73.1%	101.1%
	$10.74	$10.98
	$1,154	$2,690
	66.8%	57.4%
	17.8%	11.2%
	15.3%	31.4%
Vacant Housing
	3.1%	1.9%
	0.2%	0.4%
	0.6%	0.7%
	0.3%	0.4%
	2.4%	3.6%
	11.2%	4.1%
Value of Owner-Occupied Housing
	5.9%	2.6%
	7.7%	2.4%
	7.0%	2.8%
	12.7%	3.9%
	12.4%	4.5%
	21.5%	11.3%
	15.2%	13.0%
	10.2%	20.1%
	4.5%	13.6%
	0.9%	8.3%
	1.2%	9.7%
	0.0%	3.9%
	0.3%	2.2%
	0.4%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	6.5%	13.6%
	6.5%	13.6%
	5.1%	13.6%
	7.9%	13.2%
	17.3%	14.8%
	5.1%	13.6%
	12.6%	10.0%
	7.8%	4.7%
	28.0%	12.2%

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