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Norman, OK

Full City Profile · Oklahoma · Cleveland County County

3.6 /5.0
B+ Good
128,714 Population 720/sq mi density
$65,060 Median Income $37,897 per capita
$239,300 Home Value $257,977 Zillow
$1,064 Median Rent 30.5% income on rent
63°F Avg Temperature 314 sunny days/yr
268 Violent Crime/100K 2,612 property/100K
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$65,060 median income, 3.6% unemployment
A+
Affordability
4.6 / 5.0
$239,300 home value, $1,064/mo rent
F
Safety
1.0 / 5.0
268 violent crimes/100K
A+
Education
4.7 / 5.0
46.2% bachelor's degree or higher

Housing Overview

Median Home Value
$239,300
15% below
US avg: $281,900
Median Rent
$1,064/mo
9% below
US avg: $1,163/mo
Homeownership Rate
52.7%
19% below US avg (65.4%)
Total Housing Units
55,346
Median year built: 1988

Home Value by Source

Census Median
$239,300
Zillow (ZHVI)
$257,977
Median Sale Price
$262,000
Median List Price
$265,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

52.7%
Owner-Occupied
47.3%
Renter-Occupied
53%
47%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$744/mo
1 Bedroom
$791/mo
2 Bedroom
$995/mo
3 Bedroom
$1,297/mo
4 Bedroom
$1,501/mo
Census median rent: $1,064/mo · Zillow rent: $1,289/mo

Market Indicators (Redfin)

Median Days on Market
42 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
109
Price Drops
24.2%
of listings with price reduction
Price Per Sq Ft
$157
Active Inventory
363
homes for sale

Affordability & Housing Stock

Rent Burden
30.5%
of renters spending 30%+ of income on housing
2% below US avg (31.0%)
Median Year Built
1988
Average age of housing stock: 38 years
Homeownership Rate
52.7%

Complete Housing Data

Home Values

Census Median Value$239,300
Zillow Home Value (ZHVI)$257,977
Median Sale Price$262,000
Median List Price$265,000
Price Per Sq Ft$157

Rent

Census Median Rent$1,064
Zillow Rent (ZORI)$1,289
FMR Studio$744
FMR 1-Bedroom$791
FMR 2-Bedroom$995
FMR 3-Bedroom$1,297
FMR 4-Bedroom$1,501

Market

Days on Market42
Sale-to-List Ratio1.0%
Price Drops24.2%
Homes Sold109
Active Inventory363
Price Per Sq Ft$157

Ownership & Stock

Owner-Occupied52.7%
Renter-Occupied47.3%
Homeownership Rate52.7%
Total Housing Units55,346
Median Year Built1988
Rent Burden30.5%