Housing in Norman

A typical Norman home is worth roughly $157,000

Typical home value

$157K

MI $266K

Estimate

2-bedroom rent

$980

a month, utilities in · HUD

Median tax bill

$1,408

MI $2,904

What kind of housing town is Norman?

Read from the numbers below. The page puts what stands out first.

A second-home town47% of homes are seasonal or vacation homes.Your money goes further41% below the Michigan typical home.A town of owners91% of households own their home.

★ What stands out · The homes

91% of Norman households own their home

Half of Norman’s homes were built before 1979.

Owners and renters

Own 91%Rent 9%

Michigan: 73% own.

1979

typical home built · MI 1972

$1,408

median property tax bill · MI $2,904

0.90%

of a home’s value, a year in tax · MI 1.25%

47%

of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024.

Affordability

A typical home costs 2.5 years of income

Less than across Michigan (3.7 years). Try your own numbers below.

You could afford about

$249,000

Typical Norman home $157K

That covers a typical Norman home, with $92K to spare.

The typical home, each month

$940

Loan $780Tax $120Insurance $50

A two-bedroom rents for about $980 a month here, $40 more than owning.

Where your budget reaches nearby

Dickson$157K Stronach$166K Elk$182K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Norman’s typical property tax (0.90% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $980

Renters already here pay a median of $859, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$700

1 bedroom$750

2 bedrooms$980

3 bedrooms$1,250

4 bedrooms$1,330

of households rent · MI 27%

renter households

31%

of renters spend 30%+ of income on rent · MI 50%

18%

of the median income, for a two-bedroom

$859

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Manistee County, MI): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Norman vs. its neighbors

Norman is the least expensive of 4 neighboring towns. Tap one to see its housing page.

Elk$182K Stronach$166K Dickson$157K Norman$157K

Compare more

Town	Typical value	1-yr change	2-bed rent	New homes 2018	Median income
Norman	$157K*	—	$980	—	$63,634
Dickson	$157K*	—	$1,260	—	$55,781
Stronach	$166K*	+6%†	$1,060	0	$80,417
Elk	$182K*	−15.7%†	$970	—	$56,438
Eden	—	−15.7%†	$970	—	$58,750

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Norman buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Norman still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

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. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.