Norton, VA Real Estate
According to census data in the year 2000 there were 1,946 housing units in Norton.
This represents a 5.5% growth from 1,845 in 1990.
Of those housing units, 1,761 were located in either urbanized areas or urban clusters, and 185 were located in what is classified as a rural area.
Homeownership rate in Norton is about 56%.
Norton's vacancy rate, including seasonal lodging, is about 11.1%.
Average household size is 2.23 people.
The majority of houses, apartments or condos in Norton were built after 1971.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.70% |
| One Bedroom | 13.80% |
| Two Bedrooms | 35% |
| Three Bedrooms | 35.20% |
| Four Bedrooms | 12% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.23 |
| Median year structure was built | 1965 |
| Median Value of occupied units | $62,800 |
| Median Price asked for vacant units | $62,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.23 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $340 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2% |
| Home Equity Loan | 5.10% |
| Simple Mortgage | 52.20% |
| Debt Free | 40.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.5% |
