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Norway, MI
Full City Profile · Michigan · Menominee County County
3.3
/5.0
B
Good
2,835
Population
299/sq mi density
$50,025
Median Income
$28,439 per capita
$87,300
Home Value
$157,579 Zillow
$793
Median Rent
34.0% income on rent
43°F
Avg Temperature
270 sunny days/yr
36
Violent Crime/100K
0 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$50,025 median income, 1.2% unemployment
A+
Affordability
5.0 / 5.0
$87,300 home value, $793/mo rent
C
Safety
2.0 / 5.0
36 violent crimes/100K
C
Education
2.5 / 5.0
18.6% bachelor's degree or higher
Housing Overview
Median Home Value
$87,300
69% below
US avg: $281,900
Median Rent
$793/mo
32% below
US avg: $1,163/mo
Homeownership Rate
71.5%
9% above US avg (65.4%)
Total Housing Units
1,443
Median year built: 1951
Home Value by Source
Census Median
$87,300
Zillow (ZHVI)
$157,579
Median Sale Price
$172,000
Median List Price
$365,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
71.5%
Owner-Occupied
28.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$793/mo
Market Indicators (Redfin)
Median Days on Market
86 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
3
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$90
Active Inventory
7
homes for sale
Affordability & Housing Stock
Rent Burden
34.0%
of renters spending 30%+ of income on housing
10% above US avg (31.0%)
Median Year Built
1951
Average age of housing stock: 75 years
Homeownership Rate
71.5%
Complete Housing Data
Home Values
| Census Median Value | $87,300 |
| Zillow Home Value (ZHVI) | $157,579 |
| Median Sale Price | $172,000 |
| Median List Price | $365,000 |
| Price Per Sq Ft | $90 |
Rent
| Census Median Rent | $793 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
| Days on Market | 86 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 0.0% |
| Homes Sold | 3 |
| Active Inventory | 7 |
| Price Per Sq Ft | $90 |
Ownership & Stock
| Owner-Occupied | 71.5% |
| Renter-Occupied | 28.5% |
| Homeownership Rate | 71.5% |
| Total Housing Units | 1,443 |
| Median Year Built | 1951 |
| Rent Burden | 34.0% |