Norman County, Minnesota Housing Market Prices
Norman County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 20% below the Minnesota median$188,888
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Median rent 40% below the Minnesota median Cheaper than 80% of counties in Minnesota$773
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Norman County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $188,888 | $236,718 | $248,835 |
| Price Trend (Annual %) | 73.1% | 6.6% | 7.5% |
| Median Gross Rent | $773 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Norman County is about 20% lower than in Minnesota. Rent is about 40% lower than the Minnesota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Norman County, up about 73.1% and 4.4% a year respectively. Home prices are changing faster.
Median rent in Norman County rose about 47.0% between 2015 and 2024, from $526 to $773. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Norman County.
Buying the median-priced home in Norman County costs roughly 20.4 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Norman County. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Norman County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $188,888 | $236,718 | $248,835 |
| Median Household Income | $72,723 | $89,852 | $80,455 |
| Price-to-Income Ratio | 2.6 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Norman County rose about 71.1%, while median household income rose about 69.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Norman County | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.6% | 65.5% | 58.5% |
| Rental Rate | 17.2% | 25.2% | 31.2% |
| Vacancy Rate | 16.2% | 9.3% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Norman County has a homeownership rate of 66.6%, higher than the Minnesota average of 65.5%. Its housing vacancy rate is 16.2%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Norman County | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.31 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1961 | 1976 | 1978 |
| Median Number of Rooms | 6.3 | 6.1 | 5.5 |
The typical housing unit in Norman County was built around 1961. On average, 2.3 people live in a home with about 6.3 rooms, staying for about 18.0 years on average.
Norman County, MN Housing Compared With Nearby Counties
How Norman County, MN compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Norman County, MN | 6,367 | $188,888 #2/2 | $773 #2/2 | 79.4% #1/2 |
| Clay County, MN | 66,074 | $269,567 | $1,019 | 65.9% |
Frequently Asked Questions
Common questions about the housing market in Norman County, Minnesota.
What is the median home price in Norman County, Minnesota?
The median home price in Norman County, Minnesota is $188,888, lower than the Minnesota average of $236,718.
What is the average home price in Norman County, Minnesota?
The typical home price in Norman County, Minnesota, reported as the median sale price, is $188,888. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Norman County, Minnesota?
The median gross rent in Norman County, Minnesota is $773 per month, lower than the Minnesota average of $1,280.
What was the median gross rent in Norman County in 2020?
In 2020, the median gross rent in Norman County, Minnesota was $641 per month.
What is the price-to-rent ratio in Norman County, Minnesota?
The price-to-rent ratio in Norman County, Minnesota is about 20.4, meaning it would take roughly 20.4 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Norman County.
Are home prices or rent rising faster in Norman County, Minnesota?
Both home prices and rent are rising in Norman County, up about 73.1% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Norman County, Minnesota?
66.6% of households in Norman County, Minnesota own their home, higher than the Minnesota average of 65.5%.
What is the vacancy rate in Norman County, Minnesota?
The housing vacancy rate in Norman County, Minnesota is 16.2%, higher than the Minnesota average of 9.3%.
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