Norway, IA Real Estate
According to census data in the year 2000 there were 251 housing units in Norway.
This represents a 9.6% growth from 229 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 251 were located in what is classified as a rural area.
Homeownership rate in Norway is about 79.7%.
Norway's vacancy rate, including seasonal lodging, is about 4%.
Average household size is 2.38 people.
The majority of houses, apartments or condos in Norway were built after 1952.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 6.40% |
| Two Bedrooms | 31.90% |
| Three Bedrooms | 47% |
| Four Bedrooms | 13.10% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.55 |
| Median year structure was built | 1950 |
| Median Value of occupied units | $82,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.73 |
| Median year structure was built | 1960 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 1.60% |
| Home Equity Loan | 6% |
| Simple Mortgage | 47% |
| Debt Free | 45.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.1% |
