Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Norway area can be challenging. Home prices in Norway are now at a median cost of $206,195, higher than the Iowa average of $182,666.
The average cost of rent is $895/mo in Norway, primarily driven by the current value of real estate in the Norway area. While nearly 35.35% of residents own their homes outright in Norway, 15.62% rent.
Housing affordability isn’t just about home prices, though. The average household income in Norway is $7,509 per month. Households that rent pay about 11.92% of their income on rent here. Norway's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
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