According to statistics, the population in Norristown, PA amounts to 34,556, which shows decline 0% compared to the previous year. The median age of the city’s residents is 33. The average household income is $45,017, shifting growth 2% from the past year, and the average property value in Norristown, PA decline 0% to $153,300 throughout the year.
|Number Of Employees||16,713|
|Median Property Value||$153,300|
The average household income in Norristown, PA grew from $44,168 to $45,017 in the past year. This data is an estimate based upon 12,616 households in Norristown, PA . The chart below presents how household income is distributed in Norristown, PA in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Norristown, PA shifted from $153,000 to $153,300 throughout the year. The subsequent graph indicates the share of properties in the given price range in Norristown, PA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Norristown, PA properties falls in the '$150,000 to $174,999' 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 Norristown, PA compared to median property taxes around the country. The prevalent amount of property taxes in Norristown, PA equals $3000, which is less than the national average.
|Apartment Size||Aug||vs Last Month|
|Studio for sale||$1,582,125||+577.9%|
|1 bed for sale||$187,450||+11.6%|
|2 bed for sale||$203,655||-22.9%|
|3 bed for sale||$274,986||-20.8%|
|4+ bed for sale||$299,165||-26%|
During Aug 2022, the average price for an apartment in/near Norristown, PA increased by 1.3% to $359,744.
After collecting all data points, we now see that the average price for 1-bed apartment increased by 11.6% to $187,450. Asking price for 2-bed apartment also decreased by 22.9% and a place of this size will now cost you $203,655. A 3-bed apartment goes for $274,986, it decreased by 20.8% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 26% and made it down to $299,165.
|Listing Type||Aug||vs Last Month|
|Townhouses for sale||$235,278||-33.9%|
|Houses for sale||$554,630||+40.8%|
|Condos for sale||$216,640||+5.9%|
|Land for sale||$263,960||+57.6%|
|Apartments for sale||$200,000||N/A|
While assessing the property pricing Norristown, PA, you can note that it remains flat with a price tag of $200,000. Price reports demonstrate that house price increased by 40.8% this month making it up to $554,630. Condos are really in demand in this season. The median price for a condo increased by 5.9%, it’s now available for $216,640. The property value of townhouses decreased by 33.9%, you’ll have to spend around $235,278 to get one.