There are currently 43,200 real estate properties in Norman, OK, with a median automated valuation model (AVM) price of $239,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Norman, OK, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Norman, OK, is $272,472.00, with the most expensive house in Norman, OK, topping out at $14,418,600.00 and the cheapest home in Norman, OK, clocking in at $24,900.00. In other words, there’s something for every potential homebuyer or savvy investor in Norman, OK!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Norman, OK, is on a rollercoaster ride. The average rent price in Norman, OK, is $1,332.00. Indeed, when looking to rent in Norman, OK, you can expect to pay as little as $520.00 or as much as $3,920.00, with the average rent median estimated to be $1,260.00. The good news is that finding an affordable and desirable property to rent in Norman, OK -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Norman, OK area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Norman, OK and much more. Save thousands at closing with home foreclosure listings in Norman, OK — up to 75% off market value!
Norman is located in Cleveland, Oklahoma, with an estimated municipal population of 124,880 residents. All of the best foreclosed homes for sale in Norman are located in the following zip code areas on Foreclosure.com: 73019 73026 74857 73072 73071 73069 73068 73070. The estimated population per square kilometer (.62 miles) in Norman is 269.
So, about how much do homes cost in Norman? The most recent median value of resident-owned homes in Norman is 183,297. An estimated 52.8 percent of households in Norman own their homes, with an average family size of 2.91. The median household income in Norman is 58,119, with24.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Norman, the median commute time of resident workers (in minutes) is 22.5. And last, but certainly not least, are you looking for homes to rent in Norman? If so, the average rent price paid by renters in Norman is 876, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Norman, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Norman is 30.9, split between 49.4 percent male versus 50.6 female. The percentage of residents who report being married in Norman is 42.3, with an average family size of 2.91.
The percentage of residents who report their race in Norman is as follows:
| White | 77.2% |
| Black / African American | 4.5% |
| Asian | 4.9% |
| American Indian / Alaskan Native | 4% |
| Native Hawaiian / Other Pacifc Islander | 0.1% |
| Multi-racial | 7.7% |
| Other | 1.6% |
Looking for family-friendly neighborhoods in and/or near Norman? Or maybe you are searching for 55+ active adult communities in and/or near Norman?
The percentage of residents who report their age in Norman is as follows:
| Under 10 | 9.7% |
| Aged 10-19 | 15.4% |
| 20s | 23.7% |
| 30s | 13.4% |
| 40s | 10.9% |
| 50s | 9.8% |
| 60s | 8.8% |
| 70s | 5.7% |
| 80+ | 2.6% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Norman with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Norman.
How do you know that living in -- or moving to -- Norman is right where you need to be? Perhaps you grew up in Norman or already live nearby; therefore, the decision to buy a home in Norman is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Norman for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Norman:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Norman.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Norman can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Norman, meanwhile, can field multiple offers from more qualified buyers.
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