The housing market in Norris, SD is quite strong compared to the national average. The median value for a house in Norris is $55,200 and the US median is $338,100. In addition, the appreciation rate of houses in Norris over the last year was 14.45%, nearly double the 8.27% national rate of appreciation. This indicates a high demand for housing in this area, making it an attractive market for home buyers and investors alike.
The median home cost in Norris is $55,200. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Norris is up 17.2%.
Average Age of Homes
- The median age of Norris real estate is 42 years old
The Rental Market in Norris
- Renters make up 47.8% of the Norris population
- 0.0% of houses and apartments in Norris, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.