Norway, IA—52318
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Norway, IA
As of Oct '25, the median home price in Norway, IA is $257,000, with a year-over-year change of 5.2%. This indicates that home prices in Norway, IA are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $257,000 | 5.2% |
| Single Family | $257,000 | 5.8% |
| 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 | $231,000 | 6.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Norway, IA
Norway, IA 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, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Norway, IA is 68. This is a increase of 70.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $156,000 | -3.0% |
Listing Count | 5 | 100.0% |
| Listings as % of Homes | 0.2% | 100.0% |
Days on Market | 68 | 70.0% |
Demographics — Norway, IA
As of the latest ACS Survey released in 2023, Norway, IA has a population of 1,050, which has increased by 24.7% over the past 5 years. Norway, IA is a moderately popular place for families, as children make up 17.6% of the population. The area has a moderately educated workforce, with 25.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,050 | 24.7% |
% Under 18 | 17.6% | -33.3% |
% Seniors | 18.4% | 26.0% |
% WFH | 11.0% | 1,000.0% |
% w/ College Degree | 25.9% | 28.2% |
As of the latest ACS Survey released in 2023, Norway, IA is a predominantly white area, with 98.5% of the population identifying as white. The white population has shrunk by 0.8% in the last 5 years. The second most common race or ethnicity in Norway, IA is black, making up 0.0% of the population. Foreign-born residents account for 0.0% of the population in Norway, IA, and this percentage has decreased by 100.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 98.5% | -0.8% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.0% | N/A |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Norway, IA
Norway, IA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Norway, IA
Norway, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% 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 | $910 |
| 2 Bedroom | N/A | N/A | $1,190 |
| 3 Bedroom | N/A | N/A | $1,580 |
| 4 Bedroom | N/A | N/A | $1,760 |
Affordability — Norway, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $257,000 |
| Median Household Income | $100,000 |