Norman, OK Real Estate
According to census data in the year 2000 there were 41,541 housing units in Norman.
This represents a 16.5% growth from 35,650 in 1990.
Of those housing units, 36,045 were located in either urbanized areas or urban clusters, and 5,496 were located in what is classified as a rural area.
Homeownership rate in Norman is about 55.3%.
Norman's vacancy rate, including seasonal lodging, is about 6.5%.
Average household size is 2.31 people.
The majority of houses, apartments or condos in Norman were built after 1977.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.30% |
| One Bedroom | 14.50% |
| Two Bedrooms | 28.60% |
| Three Bedrooms | 42% |
| Four Bedrooms | 11.40% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.59 |
| Median year structure was built | 1978 |
| Median Value of occupied units | $95,400 |
| Median Price asked for vacant units | $87,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.96 |
| Median year structure was built | 1976 |
| Median Monthly Rent asked for vacant units | $440 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 8.30% |
| Home Equity Loan | 5.60% |
| Simple Mortgage | 59.40% |
| Debt Free | 26.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.7% |
