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Norway, IN Real Estate


According to census data in the year 2000 there were 222 housing units in Norway.

Of those housing units, 178 were located in either urbanized areas or urban clusters, and 44 were located in what is classified as a rural area.

Homeownership rate in Norway is about 61.5%. Norway's vacancy rate, including seasonal lodging, is about 9.9%. Average household size is 2.38 people.

The majority of houses, apartments or condos in Norway were built after 1954.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom6.80%
Two Bedrooms57.20%
Three Bedrooms23.40%
Four Bedrooms9.50%
Five Bedrooms or more3.20%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.03
Median year structure was built1956
Median Value of occupied units$83,600

Rented Homes, Apartments and Condos

Average Household Size2.92
Median year structure was built1952

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.50%
Home Equity Loan7.50%
Simple Mortgage57%
Debt Free28%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs27.5%