Norway, IA Foreclosures
How much do homes sell for in Norway, IA?
The average home price is currently $276,831.
In Norway, IA, how many homes are available?
There are currently 11 active home listings available in Norway.
What’s the average rental cost in Norway, IA?
The average rental price in Norway is $1,385.
What is the most expensive home in Norway?
The most expensive home sold in Norway had a price of $1,628,829.
What is currently the cheapest priced home in Norway, IA?
The cheapest home for sale in Norway is priced at $25,756.
Living in Norway, IA
Norway, IA is a quaint and peaceful town characterized by its rural charm and strong community ties. Located just a short drive from Cedar Rapids, this small town provides residents with easy access to urban amenities while allowing them the tranquility of rural living. Outdoor enthusiasts will appreciate the various recreational activities available in and around the area.
Current Market Conditions in Norway, IA
The real estate market in Norway, IA has shown steady growth, with a slight increase in home prices over the last year due to rising demand for affordable homes in rural areas. The community's charm and its proximity to larger cities make it an attractive option for families and retirees alike, fostering a competitive environment among listings.
As of recent months, the average home price has climbed slightly but remains reasonable compared to regional averages, indicating a robust market with plenty of opportunities for buyers. Home renovations and new builds are gaining popularity, reflecting an investment in the area by current residents.
Home Value Estimator For Norway, IA
There are currently 408 real estate properties
in Norway, IA,
with a median automated valuation model (AVM) price
of $222,025.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Norway, IA, 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 Norway, IA,
is $276,831.00, with the most expensive house
in Norway, IA, topping out
at $1,628,829.00 and the cheapest home
in Norway, IA,
clocking in at $25,756.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Norway, IA!
Rent Prices
In Norway, IA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Norway, IA, is on
a rollercoaster ride. The
average rent price in Norway, IA,
is $1,385.00. Indeed, when looking to rent in
Norway, IA, you can expect to pay as little
as $760.00 or as much
as $2,340.00,
with the average rent median estimated to
be $1,360.00. The good news is that finding
an affordable and desirable property to rent in Norway, IA
-- 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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