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Norristown

Learn about the people, housing, costs and businesses in Norristown, Pennsylvania

Median Home$204,689
Median Rent$1,416/month
Population35,893
Leading IndustriesProfessional Services · Healthcare · Transportation3% professional services
Home Value Growth⬆⬆⬆+22.7% over 2 years
Young Adults37% of residentstop 4% nationally
Renters57% of occupied units
NotableTransit91/100 · excellent transit access
NotableAmenity Score78/100 · highly walkable area
Norristown
PA

Frequently Asked Questions

What are today's mortgage rates in Norristown?

As of today, the 30-year fixed mortgage rate for Norristown is approximately 6.969% (7.008% 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 Norristown?

The median home value in Norristown is $205k. The median monthly rent is $1,416. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Norristown?

Home values in Norristown have increased 22.7% 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 Norristown?

Based on a typical all-in ownership cost of $1,448/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $62k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Norristown is $70k/year.

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What industries drive the economy in Norristown?

The largest employment sectors in Norristown are public administration (20%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.