Norfolk Metro Area, NE Housing

The housing market in the Norfolk, NE Metro Area is thriving. The median value of homes in this area stands at $203,700, which is significantly lower than the national median value of $338,100. In the past year alone, housing prices have appreciated by 10.45%, higher than the national average of 8.27%. This indicates that home values in Norfolk are on the rise and investing in real estate here would be a worthwhile endeavour. All in all, Norfolk is an excellent place to invest in property and live comfortably.

The median home cost in Norfolk Metro Area is $203,700. Home appreciation the last 10 years has been 94.3%. Home Appreciation in Norfolk Metro Area is up 16.3%.

Average Age of Homes

- The median age of Norfolk Metro Area real estate is 47 years old

The Rental Market in Norfolk Metro Area

- Renters make up 28.9% of the Norfolk Metro Area population
- 1.3% of houses and apartments in Norfolk Metro Area, 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	Norfolk, Nebraska	United States
	20,723.0	139,647,020.0
	50	42
	$203,700	$338,100
	16.3%	16.6%
	48.5%	57.0%
	94.3%	101.1%
	$14.11	$10.98
	$2,239	$2,690
	64.8%	57.4%
	8.1%	11.2%
	27.2%	31.4%
Vacant Housing
	1.3%	1.9%
	0.8%	0.4%
	0.5%	0.7%
	0.3%	0.4%
	1.0%	3.6%
	4.2%	4.1%
Value of Owner-Occupied Housing
	4.1%	2.6%
	3.2%	2.4%
	4.0%	2.8%
	6.4%	3.9%
	7.4%	4.5%
	19.9%	11.3%
	19.3%	13.0%
	20.4%	20.1%
	7.9%	13.6%
	3.2%	8.3%
	2.7%	9.7%
	0.8%	3.9%
	0.6%	2.2%
	0.1%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.3%	13.6%
	7.3%	13.6%
	10.9%	13.6%
	12.2%	13.2%
	17.7%	14.8%
	10.9%	13.6%
	7.7%	10.0%
	5.4%	4.7%
	25.1%	12.2%

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