Norman, OK

Population: 118,197
Average annual home appreciation rate: 7.93%
Total of homes for sale in this market: 423
Median home price: $164,382
Median Rent: $824 per room
Home price range: 48.51% of homes are between $108,001 – $216,000
Median sales price: $144,000
Number of homes: 181
Median foreclosure sales price: $78,177
Foreclosure discount: 46%
Most common home type: 62.56% of homes are Single Family Detached
Number of vacant homes: 11.27%
Number of renters: 46.80%
Number of owner occupied: 53.20%
Number people living below poverty level: 17.76%
Unemployment rate: 2.70%
Is this area perfect for real estate deals going on right now? There are some great things going on in the Norman market that would attract savvy real estate investors… 1. Great overall home prices 2. Higher than average rental rates 3. Multiple zombie (vacant) properties available on the market which could lead to some great ‘deals’ on fix and flip properties owned by motivated sellers. 4. Great track record of over a decades worth of positive appreciation, and growing. Could be some great opportunities for savvy cash investors in the Norman market.

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