Norman, OK Real Estate

According to census data in the year 2000 there were 41,541 housing units in Norman. This represents a 16.5% growth from 35,650 in 1990.

Of those housing units, 36,045 were located in either urbanized areas or urban clusters, and 5,496 were located in what is classified as a rural area.

Homeownership rate in Norman is about 55.3%. Norman's vacancy rate, including seasonal lodging, is about 6.5%. Average household size is 2.31 people.

The majority of houses, apartments or condos in Norman were built after 1977.


Housing Size

Housing Units by Size
Studio Type2.30%
One Bedroom14.50%
Two Bedrooms28.60%
Three Bedrooms42%
Four Bedrooms11.40%
Five Bedrooms or more1.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.59
Median year structure was built1978
Median Value of occupied units$95,400
Median Price asked for vacant units$87,000

Rented Homes, Apartments and Condos

Average Household Size1.96
Median year structure was built1976
Median Monthly Rent asked for vacant units$440

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage8.30%
Home Equity Loan5.60%
Simple Mortgage59.40%
Debt Free26.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16.7%