Norway, MI Real Estate
According to census data in the year 2000 there were 1,394 housing units in Norway.
This represents a 6.3% growth from 1,311 in 1990.
Of those housing units, 1,081 were located in either urbanized areas or urban clusters, and 313 were located in what is classified as a rural area.
Homeownership rate in Norway is about 75.7%.
Norway's vacancy rate, including seasonal lodging, is about 7.2%.
Average household size is 2.32 people.
The majority of houses, apartments or condos in Norway were built after 1943.
|Housing Units by Size|
|Five Bedrooms or more||1.60%|
Owned Homes, Apartments and Condos
|Average Household Size||2.38|
|Median year structure was built||1940|
|Median Value of occupied units||$53,800|
|Median Price asked for vacant units||$46,700|
Rented Homes, Apartments and Condos
|Average Household Size||2.11|
|Median year structure was built||1953|
|Median Monthly Rent asked for vacant units||$331|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||3.90%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||15.5%|