Norristown, PA Real Estate
According to census data in the year 2000 there were 13,523 housing units in Norristown.
This represents a 3.4% growth from 13,080 in 1990.
Of those housing units, 13,523 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Norristown is about 48.1%.
Norristown's vacancy rate, including seasonal lodging, is about 11%.
Average household size is 2.52 people.
The majority of houses, apartments or condos in Norristown were built after 1944.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.50% |
| One Bedroom | 20.70% |
| Two Bedrooms | 22.60% |
| Three Bedrooms | 36.10% |
| Four Bedrooms | 11.30% |
| Five Bedrooms or more | 5.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.73 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $85,400 |
| Median Price asked for vacant units | $83,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.32 |
| Median year structure was built | 1947 |
| Median Monthly Rent asked for vacant units | $490 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.50% |
| Home Equity Loan | 7.70% |
| Simple Mortgage | 50.60% |
| Debt Free | 35.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.9% |
