Norway, SC—29113
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Norway, SC
Norway, SC lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Norway, SC
Norway, SC lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Norway, SC
Norway, SC lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | N/A | N/A |
Days on Market | N/A | N/A |
Demographics — Norway, SC
As of the latest ACS Survey released in 2023, Norway, SC has a population of 2,190, which has increased by 80.5% over the past 5 years. Norway, SC is a popular place for families, as children make up 28.0% of the population. The area has a poorly educated workforce, with 12.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,190 | 80.5% |
% Under 18 | 28.0% | 129.5% |
% Seniors | 13.9% | -38.5% |
% WFH | 0.6% | -94.1% |
% w/ College Degree | 12.9% | 25.2% |
As of the latest ACS Survey released in 2023, Norway, SC is a predominantly black area, with 68.4% of the population identifying as black. The black population has grown by 30.5% in the last 5 years. The second most common race or ethnicity in Norway, SC is white, making up 26.4% of the population. Foreign-born residents account for 0.7% of the population in Norway, SC, and this percentage has increased by Inf% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 26.4% | -43.6% |
% Black | 68.4% | 30.5% |
% Hispanic | 2.1% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.7% | ∞% |
Mortgage and Risk — Norway, SC
According to HUD data as of 2023, there were 12 mortgage originations in Norway, SC, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in Norway, SC. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 12 |
% Conventional Loans | 58.0% |
% Government Loans | 42.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Norway, SC
Norway, SC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $830 |
| 2 Bedroom | N/A | N/A | $990 |
| 3 Bedroom | N/A | N/A | $1,190 |
| 4 Bedroom | N/A | N/A | $1,310 |
Affordability — Norway, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | $50,500 |