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These days, finding an affordable place to live in the Norman area can be challenging. Home prices in Norman are now at a median cost of $114,142, lower than the Arkansas average of $207,061.
The average cost of rent is $651/mo in Norman, primarily driven by the current value of real estate in the Norman area. In Norman, 17.77% of households rent, and 71.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Norman is $4,805 per month. Households that rent pay about 13.54% of their income on rent here. Norman’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Black Springs, AR: higher priced homes
- Caddo Gap, AR: higher priced homes
- Manfred, AR: equally priced homes
- Hurricane Grove, AR: higher priced homes
- Hopper, AR: higher priced homes
- Mount Ida, AR: higher priced homes
- Oden, AR: equally priced homes
- Lodi, AR: equally priced homes
- Silver, AR: higher priced homes
- Glenwood, AR: equally priced homes
Cities with Similar Populations
- Papaaloa, HI: higher priced homes
- Poston, AZ: less expensive homes
- Port Hudson, LA: higher priced homes
- Piave, MS: higher priced homes
- Peruville, NY: higher priced homes
- Penola, VA: higher priced homes
- Peak, SC: higher priced homes
- Peacham, VT: higher priced homes
- Peach Creek, WV: less expensive homes
- Pea Ridge, AL: equally priced homes
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