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These days, finding an affordable place to live in the Norma area can be challenging. Home prices in Norma are now at a median cost of $304,957, lower than the New Jersey average of $496,577.
The average cost of rent is $1,379/mo in Norma, primarily driven by the current value of real estate in the Norma area. In Norma, 39.64% of households rent, and 41.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Norma is $6,186 per month. Households that rent pay about 22.29% of their income on rent here. Norma’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Rosenhayn, NJ: less expensive homes
- Centerton, NJ: equally priced homes
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- Newfield, NJ: less expensive homes
- Greenville, NJ: equally priced homes
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- Gouldtown, NJ: less expensive homes
Cities with Similar Populations
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- Pike, OR: higher priced homes
- Pike View, KY: less expensive homes
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