Norman, OK has a population of 119,820, while the median age is 30. The household income in Norman, OK is around $53,733. The homeownership rate among the residents is 54%. The median residential property value in Norman, OK that you should keep in mind is $169,700.
Population | 119,820 |
Median Age | 30.1 |
Poverty Rate | 18% |
Household Income | $53,733 |
Number Of Employees | 60,282 |
Median Property Value | $169,700 |
Rent Price |
May | vs Last Month |
---|---|---|
Studio apartments | $1,200 | -58.3% |
1-bed apartments | $1,071 | -42.7% |
2-bed apartments | $1,335 | -55.3% |
3-bed apartments | $2,446 | -36.1% |
4+ bed apartments | $1,635 | -86.2% |
Over the May 2023, the average rent for an apartment in/near Norman, OK decreased by 64.1% to $1,714.
Compared to the last month, the average price for a rental studio in Norman, OK has decreased by 58.3%. You can expect to rent the studio for $1,200 on average this month. Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 42.7% to $1,071. Pricing for 2-bed apartment also decreased by 55.3% and a place of this size will now cost you $1,335. 3-bed apartment rent pricing starts at $2,446, it decreased by 36.1% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 86.2% and made it down to $1,635.
Rent Type Price |
May | vs Last Month |
---|---|---|
Houses for rent | $2,566 | -59.3% |
Condos for rent | $950 | -56.2% |
Apartments for rent | $1,212 | -29.5% |
The median rent for an apartment in Norman, OK decreased by 29.5% to $1,212. Statistics show that house rent price decreased by 59.3% this month making it up to $2,566. Condos faced an upward trend these days. The median rent for a condo decreased by 56.2%, it’s now available for $950. If you’re looking for a room, the price tag still starts at $518. The median price did not change this time. Townhouse rent pricing didn’t change, the price still starts at $3,818.