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Norman County Housing Market

Minnesota · 87 counties · Ranked #894 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$135,700

vs national$135,700 vs $281,900 national

Median Gross Rent

$752/mo

vs national$752 vs $1,163 national

Effective Tax Rate

0.99%

vs national0.99% vs 1.02% national

Median Household Income

$69,833

vs national$69,833 vs $74,755 national

Affordability Ratio

1.9x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

23.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$1,341

Tax as % of Home Value

0.99%

Monthly Owner Cost

$826

Renter Income

$44,583

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Norman County?

The median home value in Norman County is $135,700. This is below the national median of $281,900.

How much is rent in Norman County?

The median gross rent in Norman County is $752 per month.

What is the property tax rate in Norman County?

The effective property tax rate in Norman County is 0.99%. The median annual property tax bill is $1,341.

Is Norman County affordable?

With a home-value-to-income ratio of 1.9x, Norman County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.