According to statistics, the population in Norman, OK amounts to 119,820, which shows decline 1% compared to the previous year. The median age of the city’s residents is 30. The average household income is $53,733, shifting growth 2% from the past year, and the average property value in Norman, OK growth 4% to $169,700 throughout the year.
|Number Of Employees||60,282|
|Median Property Value||$169,700|
The average household income in Norman, OK grew from $52,484 to $53,733 in the past year. This data is an estimate based upon 45,959 households in Norman, OK . The chart below presents how household income is distributed in Norman, OK in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Norman, OK shifted from $163,900 to $169,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in Norman, OK in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Norman, OK properties falls in the '$200,000 to $249,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Norman, OK compared to median property taxes around the country. The prevalent amount of property taxes in Norman, OK equals $2500, which is less than the national average.
|Apartment Size||Aug||vs Last Month|
|Studio for sale||$199,200||-0.4%|
|1 bed for sale||$107,616||+5.3%|
|2 bed for sale||$177,404||+17.5%|
|3 bed for sale||$276,407||+3.7%|
|4+ bed for sale||$372,331||-6.8%|
During Aug 2022, the average price for an apartment in/near Norman, OK decreased by 1.9% to $312,713.
After collecting all data points, we now see that the average price for 1-bed apartment increased by 5.3% to $107,616. Asking price for 2-bed apartment also increased by 17.5% and a place of this size will now cost you $177,404. A 3-bed apartment goes for $276,407, it increased by 3.7% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 6.8% and made it down to $372,331.
|Listing Type||Aug||vs Last Month|
|Apartments for sale||$199,200||-0.4%|
|Lofts for sale||$199,800||N/A|
|Townhouses for sale||$232,900||+94.2%|
|Houses for sale||$345,490||+2.8%|
|Condos for sale||$167,195||+13.4%|
|Land for sale||$171,969||+0.6%|
|Duplexes for sale||$308,725||N/A|
|Other for sale||$350,000||N/A|
The average cost of an apartment in Norman, OK decreased by 0.4% to $199,200. Price reports demonstrate that house price increased by 2.8% this month making it up to $345,490. Condos are really in demand in this season. The median price for a condo increased by 13.4%, it’s now available for $167,195. An average value of duplex is $308,725, thus a median price for a duplex remains the same this month. The price statistics of lofts have not significantly changed, it now still goes for $199,800. The property value of townhouses increased by 94.2%, you’ll have to spend around $232,900 to get one.