Norman is a quaint, progressive university town located just minutes from Oklahoma City. The community's blend of strong history and continuing progress brings people to Norman, where the future looks as bright as the past. Rich in natural history and family-friendly recreation, Norman has the total package for people from all walks of life. The community's excellent educational facilities, rich culture and diverse attractions played a part in its earning high placement in Money magazine's 2006 "Best Places to Live in America" list.
This Cleveland County community is home to just under 100,000 people, including the students of The University of Oklahoma (OU), which has been ranked # 1 per capita in the United States among all the comprehensive public universities in National Merit Scholars. Similarly, Norman's public school system earned top school system status in the state of Oklahoma.
Among the areas attractions are the Sam Noble Oklahoma Museum of Natural History, Lake Thunderbird State Park, and OU sporting events. Visitors and locals alike enjoy local dining and shopping, wineries, golf courses, art events and galleries, zoos and so much more. Local fairs and festivals bring the community together and honor its history. A brief commute to Oklahoma City makes the area ideal for single professionals whereas the schools and safe community appeal to families. Norman OK homes for sale consist of single-family homes, condominiums and townhouses as well as apartments and modern homes.
Norman Real Estate Market: Prices of Norman Homes for Sale
With all the great qualities of Norman's community, the surprising thing is that real estate is still quite affordable here. In fact, the current housing costs and cost of living in Norman is lower than the national average. An extremely vast array of housing styles and prices means that there is a home to fit every budget and personal requirement. Starting below $100,000 for single-family homes in Norman and ranging to sprawling multi-million dollar estates, Norman real estate come in all shapes and sizes.
Norman condominiums and townhouses range from the low $100,000s to $475,000. Opportunities to purchase a stately home near campus or a charming loft above a downtown business are also available. Rural ranch homes on large lots and modern houses in new developments and subdivisions are also available. Just minutes from Norman are several subdivisions that offer executive style homes on acreage lots. Some properties can be found in the rural areas, offering enough room for horses or cattle.
Many parents that consider sending their students to the University of Oklahoma find that it makes sense to invest in a home for them. Their kids do not need to make multiple moves while at OU which makes parents feel comfortable.
Norman Real Estate Stats and Trends for the week of August 3rd, 2015: homes priced around $212,315 compared to $240,569 the previous week, showing a decrease of less than -13%. For Wednesday, August 5th, the current national mortgage rate for a 30 year fixed mortgage is 3.90%; the 15 year fixed rate is at 3.01%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.29%, while the 15 year jumbo rate currently is at 3.86%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Norman OK. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Norman to help you find the best home!