Home Price Key
Affordable
Average
Expensive
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 $77,764, lower than the Tennessee average of $218,916.
The average cost of rent is $712/mo in Norma, primarily driven by the current value of real estate in the Norma area. While nearly 68.34% of residents own their homes outright in Norma, 21.68% rent.
Housing affordability isn’t just about home prices, though. The average household income in Norma is $2,711 per month. Households that rent pay about 26.28% of their income on rent here. Norma's most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Huntsville, TN: higher priced homes
- Pioneer, TN: equally priced homes
- Terry Creek, TN: higher priced homes
- Smoky Junction, TN: equally priced homes
- Winona, TN: higher priced homes
- Stanfield, TN: higher priced homes
- Brookside, TN: equally priced homes
- Red Ash, TN: less expensive homes
- Helenwood, TN: higher priced homes
- Charleys Branch, TN: less expensive homes
Cities with Similar Populations
- North Orwell, PA: higher priced homes
- Pleasant Valley, MI: higher priced homes
- Pleasant Valley, GA: higher priced homes
- Pleasant Mount, PA: higher priced homes
- Oilla, TX: higher priced homes
- Oil Center, OK: higher priced homes
- O'Neals, CA: higher priced homes
- Nucla, CO: higher priced homes
- North Woodbury, OH: higher priced homes
- Powers, MI: higher priced homes
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