Norfolk, NE housing market
The typical Norfolk home is worth about $259,000, up 4% in a year, 8% below the Nebraska typical home. Homes typically sell in 23 days, below asking.
Home values, sales, trends and how Norfolk compares with the towns next door — updated as new data is published.
Norfolk at a glance
A seller's market
Supply is tight — about 2.1 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Norfolk | Nebraska |
|---|---|---|
| 2017 | $149,000 | $157,000 |
| 2018 | $159,000 | $167,000 |
| 2019 | $167,000 | $176,000 |
| 2020 | $177,000 | $187,000 |
| 2021 | $185,000 | $205,000 |
| 2022 | $206,000 | $227,000 |
| 2023 | $220,000 | $248,000 |
| 2024 | $229,000 | $259,000 |
| 2025 | $242,000 | $270,000 |
| 2026 | $256,000 | $278,000 |
| August 2026 | $259,000 | $281,000 |
64 new homes permitted in 2025
Builders were permitted 64 new homes in Norfolk in 2025: 44 single-family houses and 20 in buildings with two or more homes, worth about $17.7 million to build. That's 2.5 per 1,000 residents, slower than across Nebraska (5.7). Over the past 10 years, Norfolk has permitted 1,377 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Norfolk gained 745 residents while 692 new homes were permitted: about 1.1 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. Across Nebraska: 1.8 new residents per new home.
How Norfolk ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 58 | 24 | 34 | $14.6 million |
| 2025 | 64 | 44 | 20 | $17.7 million |
| 2024 | 259 | 31 | 228 | $46.6 million |
| 2023 | 97 | 71 | 26 | $17.6 million |
| 2022 | 109 | 43 | 66 | $23.4 million |
| 2021 | 74 | 70 | 4 | $18.1 million |
| 2020 | 336 | 52 | 284 | $29.6 million |
| 2019 | 230 | 88 | 142 | $30.3 million |
| 2018 | 102 | 43 | 59 | $20.1 million |
| 2017 | 57 | 47 | 10 | $9.9 million |
| 2016 | 49 | 41 | 8 | $11.2 million |
| 2015 | 43 | 33 | 10 | $8 million |
| 2014 | 50 | 43 | 7 | $8.2 million |
| 2013 | 47 | 39 | 8 | $7.9 million |
| 2012 | 41 | 39 | 2 | $7 million |
| 2011 | 25 | 25 | 0 | $4.8 million |
| 2010 | 48 | 33 | 15 | $7.6 million |
| 2009 | 40 | 40 | 0 | $6.4 million |
| 2008 | 73 | 71 | 2 | $11.3 million |
| 2007 | 62 | 54 | 8 | $9.9 million |
| 2006 | 76 | 65 | 11 | $11.2 million |
| 2005 | 111 | 98 | 13 | $16.2 million |
| 2004 | 128 | 109 | 19 | $17 million |
| 2003 | 112 | 76 | 36 | $11.9 million |
| 2002 | 88 | 82 | 6 | $11.2 million |
| 2001 | 118 | 65 | 53 | $9.5 million |
| 2000 | 78 | 66 | 12 | $8.7 million |
How Norfolk ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
4.4 years of income
The typical Norfolk home costs about 4.4 years of the town's median household income, more than across Nebraska (3.7 years).
How Norfolk ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,020
HUD's Fair Market Rent for a two-bedroom in Norfolk is $1,020 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Norfolk pay a median of $875, so moving in tends to cost more than staying put. A two-bedroom takes about 21% of the town's median household income.
Studio $700 · 4 bedrooms $1,550
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (68701; Madison County, NE), 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.
Recent listings in Norfolk
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.