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Norborne

Learn about the people, housing, costs and businesses in Norborne, Missouri

Median Home$125,100
Median Rent$675/month
Population718
Leading IndustriesEducation · Finance & Insurance · Information & Media3% education
Home Value Growth⬆⬆+20.8% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners77% of occupied units
NotableAffordable Market$125k median home · lower cost than 82% of the country
Norborne
MO

Frequently Asked Questions

What are today's mortgage rates in Norborne?

As of today, the 30-year fixed mortgage rate for Norborne is approximately 6.874% (6.909% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Norborne?

The median home value in Norborne is $125k. The median monthly rent is $675. Annual property taxes average $991. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Norborne?

Home values in Norborne have increased 20.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Norborne?

Based on a typical all-in ownership cost of $656/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Norborne is $75k/year.

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What industries drive the economy in Norborne?

The largest employment sectors in Norborne are public administration (22%) and wholesale trade (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.