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Norman, OK—73026

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$324,000
2.9% YoY Growth
Household Income
$98,700
34.4% YoY Growth
Days on Market
64
34.0% Longer YoY
Home Price Forecast
2.0%
Median Rent
$2,060
17.8% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$2,060
9.5% YoY Growth

Other Zip Codes in Norman, OK

730717306973072
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Norman, OK

As of Dec '25, the median home price in Norman, OK is $324,000, with a year-over-year change of 2.9%. This indicates that home prices in Norman, OK are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$324,0002.9%
Single Family $324,0002.9%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$210,0000.5%
    3 Bed
    		$310,0002.6%
    4 Bed
    		$436,0004.1%
    5 Bed $612,7153.4%
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    % of Housing Stock

    Studio
    0.1%
    1 Bedroom
    1.5%
    2 Bedrooms
    15.6%
    3 Bedrooms
    59.2%
    4 Bedrooms
    17.5%
    5+ Bedrooms
    6.2%

    Rental Trends — Norman, OK

    As of July '25, Rentcast reports the average rent in Norman, OK is $2,120, with a year-over-year rent change of 17.8%. Per bedroom, the median rent as of July '25 in Norman, OK is 3-bedrooms: $2,080, 4-bedrooms: $2,140. The most common rental property sizes in Norman, OK are 3-bedroom and 4-bedroom, accounting for 63.2% and 21.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,060$2,120
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent $2,060$2,080
    4 Bed Rent $1,750$2,140
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    % of Rental Stock

    2 Bedrooms
    15.5%
    3 Bedrooms
    63.2%
    4 Bedrooms
    21.3%

    Property Listings — Norman, OK

    As of Dec '25, Realtor.com reports that the median days on market for a home in Norman, OK is 60. This is a increase of 19.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$336,0002.0%
    Listing Count
    		8931.0%
    Listings as % of Homes1.2%31.0%
    Days on Market
    		6434.0%
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    Demographics — Norman, OK

    As of the latest ACS Survey released in 2023, Norman, OK has a population of 11,100, which has increased by 7.7% over the past 5 years. Norman, OK is a moderately popular place for families, as children make up 20.2% of the population. The area has a moderately educated workforce, with 35.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		11,1007.7%
    % Under 18
    		20.2%0.5%
    % Seniors
    		21.4%31.3%
    % WFH
    		9.4%176.5%
    % w/ College Degree
    		35.3%42.3%
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    As of the latest ACS Survey released in 2023, Norman, OK is a predominantly white area, with 80.8% of the population identifying as white. The white population has shrunk by 5.4% in the last 5 years. The second most common race or ethnicity in Norman, OK is hispanic, making up 3.5% of the population. Foreign-born residents account for 1.2% of the population in Norman, OK, and this percentage has decreased by 7.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		80.8%-5.4%
    % Black
    		0.7%-22.2%
    % Hispanic
    		3.5%6.1%
    % Asian
    		0.4%0.0%
    % Foreign Born
    		1.2%-7.7%
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    Mortgage and Risk — Norman, OK

    According to HUD data as of 2023, there were 165 mortgage originations in Norman, OK, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Norman, OK. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		165
    % Conventional Loans
    		76.0%
    % Government Loans
    		24.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		9.0%
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    Rentals and Section 8 — Norman, OK

    Norman, OK 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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$980
    2 BedroomN/AN/A$1,200
    3 Bedroom-$460$2,060$1,600
    4 Bedroom$0$1,750$1,750

    Affordability — Norman, OK

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3
    Median Home Price$324,000
    Median Household Income$98,700

    Norman, OK — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Noble, OK

    73068

    Norman, OK

    73071

    Del City / East, Oklahoma City, OK

    73165

    Newalla, OK

    74857

    Norman

    73070

    Frequently Asked Questions