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Norway, IA
Full City Profile · Iowa · Johnson County County
3.3
/5.0
B
Good
490
Population
1,114/sq mi density
$91,250
Median Income
$43,297 per capita
$155,400
Home Value
$253,398 Zillow
$1,063
Median Rent
11.3% income on rent
48°F
Avg Temperature
275 sunny days/yr
199
Violent Crime/100K
239 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.8 / 5.0
$91,250 median income, 0.7% unemployment
A+
Affordability
5.0 / 5.0
$155,400 home value, $1,063/mo rent
F
Safety
1.0 / 5.0
199 violent crimes/100K
C
Education
2.4 / 5.0
17.9% bachelor's degree or higher
Housing Overview
Median Home Value
$155,400
45% below
US avg: $281,900
Median Rent
$1,063/mo
9% below
US avg: $1,163/mo
Homeownership Rate
96.1%
47% above US avg (65.4%)
Total Housing Units
239
Median year built: 1962
Home Value by Source
Census Median
$155,400
Zillow (ZHVI)
$253,398
Median Sale Price
$217,000
Median List Price
$169,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
96.1%
Owner-Occupied
3.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$738/mo
1 Bedroom
$788/mo
2 Bedroom
$989/mo
3 Bedroom
$1,282/mo
4 Bedroom
$1,420/mo
Census median rent:
$1,063/mo
Market Indicators (Redfin)
Median Days on Market
75 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$98
Active Inventory
3
homes for sale
Affordability & Housing Stock
Rent Burden
11.3%
of renters spending 30%+ of income on housing
64% below US avg (31.0%)
Median Year Built
1962
Average age of housing stock: 64 years
Homeownership Rate
96.1%
Complete Housing Data
Home Values
| Census Median Value | $155,400 |
| Zillow Home Value (ZHVI) | $253,398 |
| Median Sale Price | $217,000 |
| Median List Price | $169,900 |
| Price Per Sq Ft | $98 |
Rent
| Census Median Rent | $1,063 |
| FMR Studio | $738 |
| FMR 1-Bedroom | $788 |
| FMR 2-Bedroom | $989 |
| FMR 3-Bedroom | $1,282 |
| FMR 4-Bedroom | $1,420 |
Market
| Days on Market | 75 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 0.0% |
| Homes Sold | 1 |
| Active Inventory | 3 |
| Price Per Sq Ft | $98 |
Ownership & Stock
| Owner-Occupied | 96.1% |
| Renter-Occupied | 3.9% |
| Homeownership Rate | 96.1% |
| Total Housing Units | 239 |
| Median Year Built | 1962 |
| Rent Burden | 11.3% |