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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Norton, OH Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Norton, OH Housing Market Trends

With a population of 11,516, 4,786 total housing units (homes and apartments), and a median house value of $218,820, house prices in Norton are solidly below the national average.

Single-family detached homes are the single most common housing type in Norton, accounting for 91.50% of the city's housing units. Other types of housing that are prevalent in Norton include large apartment complexes or high rise apartments ( 3.35%), duplexes, homes converted to apartments or other small apartment buildings ( 2.63%), and a few mobile homes or trailers ( 1.78%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Norton. Owner-occupied housing accounts for 84.76% of Norton's homes, and 75.81% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Norton's housing was primarily built during this period, from the '40s through the '60s. A full 49.76% of the city's housing hails from this era. Other housing ages represented in Norton include homes built between 1970-1999 ( 27.54%) and housing constructed before 1939 ( 12.07%). There's also some housing in Norton built between 2000 and later ( 10.63%).

Norton Home Appreciation Rates

Appreciation rates for homes in Norton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 86.39%, which ranks in the top 50% nationwide. This equates to an annual average Norton house appreciation rate of 6.42%.

NeighborhoodScout's data show that during the latest twelve months, Norton's appreciation rate, at 5.00%, has been at or slightly above the national average. In the latest quarter, Norton's appreciation rate has been 1.34%, which annualizes to a rate of 5.48%.

Relative to Ohio, our data show that Norton's latest annual appreciation rate is lower than 90% of the other cities and towns in Ohio.

Average Home Values

Median Home Value

$218,820

Norton, OH Home Prices
> $1,356,000
$1,017,001 - $1,356,000
$678,001 - $1,017,000
$542,001 - $678,000
$407,001 - $542,000
$271,001 - $407,000
$135,001 - $271,000
$68,001 - $135,000
$0 - $68,000
0.2%
0.2%
0.0%
0.0%
0.9%
0.9%
1.8%
1.8%
7.5%
7.5%
22.9%
22.9%
57.0%
57.0%
5.8%
5.8%
4.0%
4.0%
0% 100.0%
% of Homes
Average

for Ohio

Low

for nation

Number of Homes And Apartments:

4,786

Norton Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,448 / per month

Homeownership Rate

Owners
Renters
84.8%
84.8%
15.2%
15.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.5%
4.5%
95.5%
95.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.6%
10.6%
27.5%
27.5%
49.8%
49.8%
12.1%
12.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
91.5%
91.5%
0.7%
0.7%
2.6%
2.6%
3.4%
3.4%
1.8%
1.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
3.4%
3.4%
18.6%
18.6%
58.1%
58.1%
17.7%
17.7%
2.2%
2.2%
0% 100.0%
% of Homes