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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 $262,320, higher than the Oklahoma average of $210,566.
The average cost of rent is $1,200/mo in Norman, primarily driven by the current value of real estate in the Norman area. In Norman, 45.75% of households rent, and 47.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Norman is $6,478 per month. Households that rent pay about 18.53% of their income on rent here. Norman’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Goldsby, OK: higher priced homes
- Noble, OK: less expensive homes
- Moore, OK: less expensive homes
- Newcastle, OK: higher priced homes
- Slaughterville, OK: less expensive homes
- Blanchard, OK: higher priced homes
- Bridge Creek, OK: equally priced homes
- Newalla, OK: less expensive homes
- Etowah, OK: less expensive homes
- Tuttle, OK: higher priced homes
Cities with Similar Populations
- Richmond, CA: higher priced homes
- Riverdale, GA: less expensive homes
- Rio Rancho, NM: higher priced homes
- Richmond, VA: higher priced homes
- Redwood City, CA: higher priced homes
- Reading, PA: less expensive homes
- Richmond, TX: higher priced homes
- Reno, NV: higher priced homes
- Rialto, CA: higher priced homes
- Redding, CA: higher priced homes
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