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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 $167,548, lower than the New York average of $610,895.
The average cost of rent is $839/mo in Norway, primarily driven by the current value of real estate in the Norway area. In Norway, 4.51% of households rent, and 59.16% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Norway is $6,735 per month. Households that rent pay about 12.46% of their income on rent here. Norway’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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Cities with Similar Populations
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