Living in Norman, NC
Nestled in a picturesque setting, Norman, NC offers a peaceful lifestyle combined with a friendly community atmosphere. It's a prime location for families and outdoor enthusiasts looking for a quiet retreat. With ample local amenities and access to quality schools, this charming town presents an excellent opportunity for real estate investment.
Current Market Conditions in Norman, NC
The real estate market in Norman, NC, has shown steady growth over recent years. The demand for housing has increased, with investors finding it a favorable place to purchase properties. As more people discover the appeal of this quaint town, the market is likely to continue trending upward.
Properties in Norman tend to have a good return on investment due to the increasing demand and competitive pricing, making it an appealing option for real estate investors. With new developments and community enhancements on the horizon, the area presents an excellent opportunity for growth.
Home Value Estimator For Norman, NC
There are currently 73 real estate properties
in Norman, NC,
with a median automated valuation model (AVM) price
of $142,036.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Norman, NC, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Norman, NC,
is $170,187.00, with the most expensive house
in Norman, NC, topping out
at $1,078,053.00 and the cheapest home
in Norman, NC,
clocking in at $19,190.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Norman, NC!
Rent Prices
In Norman, NC
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Norman, NC, is on
a rollercoaster ride. The
average rent price in Norman, NC,
is $806.00. Indeed, when looking to rent in
Norman, NC, you can expect to pay as little
as $560.00 or as much
as $1,460.00,
with the average rent median estimated to
be $740.00. The good news is that finding
an affordable and desirable property to rent in Norman, NC
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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