Norman, AR Real Estate
According to census data in the year 2000 there were 222 housing units in Norman.
This represents a 0% decline from 222 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 222 were located in what is classified as a rural area.
Homeownership rate in Norman is about 67.7%.
Norman's vacancy rate, including seasonal lodging, is about 14.9%.
Average household size is 2.28 people.
The majority of houses, apartments or condos in Norman were built after 1970.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.70% |
| One Bedroom | 12.20% |
| Two Bedrooms | 43.20% |
| Three Bedrooms | 39.20% |
| Four Bedrooms | 2.70% |
| Five Bedrooms or more | 0% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.34 |
| Median year structure was built | 1968 |
| Median Value of occupied units | $34,800 |
| Median Price asked for vacant units | $32,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.15 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $185 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 0% |
| Simple Mortgage | 27.50% |
| Debt Free | 72.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.7% |
