The housing market in Norway, IA (52318) is relatively stable. The median value of homes in this area is $208,500, which is significantly less than the national median of $338,100. Although the US saw a one year house appreciation rate of 8.27%, Norway saw a lower rate of 4.75%, indicating that it is not necessarily appreciating at the same rate as the rest of the nation. Overall, this area offers an affordable and stable housing market for those looking to purchase or invest in a property.
The median home cost in Norway (zip 52318) is $208,500. Home appreciation the last 10 years has been 52.9%. Home Appreciation in Norway (zip 52318) is up 11.4%.
Average Age of Homes
- The median age of Norway (zip 52318) real estate is 63 years old
The Rental Market in Norway (zip 52318)
- Renters make up 14.9% of the Norway (zip 52318) population
- 0.0% of houses and apartments in Norway (zip 52318), 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.