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Norman County

Learn about the people, housing, costs and businesses in Norman County County

Median Home$146,475
Median Rent$773/month
Population6,367
Leading IndustriesConstruction · Agriculture & Mining · Transportation15% construction
Home Value Growth⬆⬆+11.8% over 2 years
Retirees22% of residentsnear the national average
Homeowners79% of occupied units
NotableAffordable Market$146k median home · lower cost than 72% of the country
Norman County
MN

Frequently Asked Questions

What are today's mortgage rates in Norman County?

As of today, the 30-year fixed mortgage rate for Norman County is approximately 7.228% (7.263% 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 Norman County?

The median home value in Norman County is $146k. The median monthly rent is $773. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Norman County?

Home values in Norman County have increased 11.8% 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 Norman County?

Based on a typical all-in ownership cost of $829/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Norman County is $72k/year.

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What industries drive the economy in Norman County?

The largest employment sectors in Norman County are public administration (26%) and agriculture and mining (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas