Norway, ME Real Estate
According to census data in the year 2000 there were 1,326 housing units in Norway.
This represents a 3.4% decline from 1,373 in 1990.
Of those housing units, 888 were located in either urbanized areas or urban clusters, and 438 were located in what is classified as a rural area.
Homeownership rate in Norway is about 55.2%.
Norway's vacancy rate, including seasonal lodging, is about 12.9%.
Average household size is 2.13 people.
The majority of houses, apartments or condos in Norway were built after 1955.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.90% |
| One Bedroom | 20.40% |
| Two Bedrooms | 37.30% |
| Three Bedrooms | 25.60% |
| Four Bedrooms | 11.20% |
| Five Bedrooms or more | 3.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.36 |
| Median year structure was built | 1967 |
| Median Value of occupied units | $84,300 |
| Median Price asked for vacant units | $75,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.84 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $408 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.70% |
| Home Equity Loan | 10.40% |
| Simple Mortgage | 42% |
| Debt Free | 38.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.6% |
