Home Price Key
Affordable
Average
Expensive
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 $91,761, lower than the Arkansas average of $160,541.
The average cost of rent is $587/mo in Norman, primarily driven by the current value of real estate in the Norman area. While nearly 76.68% of residents own their homes outright in Norman, 19.44% rent.
Housing affordability isn’t just about home prices, though. The average household income in Norman is $3,738 per month. Households that rent pay about 15.71% of their income on rent here. Norman's most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Black Springs, AR: higher priced homes
- Caddo Gap, AR: higher priced homes
- Manfred, AR: higher priced homes
- Hurricane Grove, AR: equally priced homes
- Hopper, AR: higher priced homes
- Mount Ida, AR: higher priced homes
- Oden, AR: higher priced homes
- Lodi, AR: higher priced homes
- Silver, AR: higher priced homes
- Glenwood, AR: higher priced homes
Cities with Similar Populations
- Papaaloa, HI: higher priced homes
- Poston, AZ: higher priced 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: less expensive homes
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