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Norton, VA Real Estate


According to census data in the year 2000 there were 1,946 housing units in Norton. This represents a 5.5% growth from 1,845 in 1990.

Of those housing units, 1,761 were located in either urbanized areas or urban clusters, and 185 were located in what is classified as a rural area.

Homeownership rate in Norton is about 56%. Norton's vacancy rate, including seasonal lodging, is about 11.1%. Average household size is 2.23 people.

The majority of houses, apartments or condos in Norton were built after 1971.

Statistics

Housing Size

Housing Units by Size
Studio Type1.70%
One Bedroom13.80%
Two Bedrooms35%
Three Bedrooms35.20%
Four Bedrooms12%
Five Bedrooms or more2.20%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.23
Median year structure was built1965
Median Value of occupied units$62,800
Median Price asked for vacant units$62,900

Rented Homes, Apartments and Condos

Average Household Size2.23
Median year structure was built1975
Median Monthly Rent asked for vacant units$340

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage2%
Home Equity Loan5.10%
Simple Mortgage52.20%
Debt Free40.70%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs15.5%