Housing in 47264 Norman, IN is a great investment. The median value for housing in the area is $192,200, which is significantly lower than the US House Median Value of $338,100. Despite this lower cost, homes in Norman have experienced an impressive 8.69% appreciation rate over the past year - higher than the national average of 8.27%. These factors make buying or owning a home in Norman a wise investment to consider.
The median home cost in Norman (zip 47264) is $192,200. Home appreciation the last 10 years has been 74.5%. Home Appreciation in Norman (zip 47264) is up 15.8%.
Average Age of Homes
- The median age of Norman (zip 47264) real estate is 26 years old
The Rental Market in Norman (zip 47264)
- Renters make up 3.9% of the Norman (zip 47264) population
- 0.0% of houses and apartments in Norman (zip 47264), 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.