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Norris

Learn about the people, housing, costs and businesses in Norris, Montana

Median Home$494,186
Median Rent$1,009/month
Population49
Leading IndustriesProfessional Services · Wholesale Trade · Agriculture & Mining5% professional services
Home Value Growth⬆⬆⬆+38.5% over 2 years
Retirees30% of residentswell above average
Homeowners75% of occupied units
NotableHighly Educated23% hold a bachelor's degree · top 23% nationally
Norris
MT

Frequently Asked Questions

What are today's mortgage rates in Norris?

As of today, the 30-year fixed mortgage rate for Norris is approximately 6.933% (6.970% 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 Norris?

The median home value in Norris is $494k. The median monthly rent is $1,009. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Norris?

Home values in Norris have increased 38.5% 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 Norris?

Based on a typical all-in ownership cost of $845/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 Norris is $63k/year.

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What industries drive the economy in Norris?

The largest employment sectors in Norris are wholesale trade (17%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.