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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 Type1.90%
One Bedroom20.40%
Two Bedrooms37.30%
Three Bedrooms25.60%
Four Bedrooms11.20%
Five Bedrooms or more3.50%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.36
Median year structure was built1967
Median Value of occupied units$84,300
Median Price asked for vacant units$75,000

Rented Homes, Apartments and Condos

Average Household Size1.84
Median year structure was built1939
Median Monthly Rent asked for vacant units$408

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage8.70%
Home Equity Loan10.40%
Simple Mortgage42%
Debt Free38.90%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs20.6%