Norman, IL housing market
Home prices around Norman have risen about 45% over the past 5 years.
Home values, sales, trends and how Norman compares with the towns next door — updated as new data is published.
Home prices up 45% in 5 years
The federal house price index for the ZIP codes around Norman rose 45% over the past 5 years, about the same as across Illinois. Last year prices rose 4.4%.
Show as a table
| Year | Change that year | Since 2000 | Illinois since 2000 |
|---|---|---|---|
| 2025 | +4.4% | +96% | +96% |
| 2024 | +5% | +88% | +85% |
| 2023 | +10% | +79% | +73% |
| 2022 | +13% | +62% | +61% |
| 2021 | +5.8% | +43% | +44% |
| 2020 | +2% | +36% | +33% |
| 2019 | +1.9% | +33% | +32% |
| 2018 | +6.4% | +31% | +28% |
| 2017 | +1.3% | +23% | +25% |
| 2016 | +2.1% | +21% | +22% |
| 2015 | +3.5% | +19% | +19% |
| 2014 | +3.8% | +15% | +15% |
| 2013 | 0% | +10% | +11% |
| 2012 | −5.1% | +10% | +11% |
| 2011 | −4.7% | +16% | +14% |
| 2010 | −9.1% | +22% | +21% |
| 2009 | −2.4% | +34% | +29% |
| 2008 | −1.4% | +38% | +40% |
| 2007 | +3.2% | +40% | +45% |
| 2006 | +2.6% | +35% | +43% |
| 2005 | +11% | +32% | +35% |
| 2004 | +5.5% | +19% | +24% |
| 2003 | +3.5% | +13% | +15% |
| 2002 | +4.8% | +8.8% | +11% |
| 2001 | +3.8% | +3.8% | +5.6% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 60450, 60479, 61360, covering 77% of Norman’s land, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
Norman and its neighbors
| Town | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|
| Norman | +4.4%† | $1,630 | $218,542 |
| Erienna | +5.7%† | $1,700 | $96,906 |
| Wauponsee | +5.9%† | $1,690 | $117,928 |
† FHFA price index change, where Zillow has no home value for the town.
A two-bedroom rents for about $1,630
HUD's Fair Market Rent for a two-bedroom in Norman is $1,630 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $1,210 · 4 bedrooms $2,380
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (60450, 60479, 61360; Grundy County, IL HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.