Norman, OK

Population: 113,969
Average annual home appreciation rate: 5.55%
Total of homes for sale in this market: 630
Median home price: $147,410
Median Rent: $637 per room
Home price range: 49.35% of homes are between $98,001 – $197,000
Median sales price: NO DATA
Number of homes: 227
Median foreclosure sales price: NO DATA
Foreclosure discount: NO DATA
Most common home type: 63.04% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 11.83%
Number of renters: 43.07%
Number of owner occupied: 56.93%
Number people living below poverty level: 17.56%
Unemployment rate: 2.90%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Norman area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

Leave a Reply

Your email address will not be published. Required fields are marked *