Market Overview
Home Prices in Norway, ME
The median home value in Norway, ME is $345,799 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.1% compared to a year ago and down 0.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Norway are priced16% below average.
Over the past five years, Norway home values have risen by approximately28.8%, reflecting strong long-term appreciation in this market.
Price History
Norway Home Price Trend
2020
$204,892
$205K
—
2021
$268,553
$269K
+31.1%
2022
$322,678
$323K
+20.2%
2023
$316,856
$317K
-1.8%
2024
$344,866
$345K
+8.8%
2025
$342,070
$342K
-0.8%
2026
$345,799
$346K
+1.1%
City Comparison
Norway vs. National Median
🏠 Norway
$345,799
National Median
$410,000
At $345,799, homes in Norway cost 16% below the national median of $410,000. This makes Norway a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Norway?
20% Down Payment
$69,160
on $345,799
Monthly P&I
$1,803/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,290/mo
incl. taxes & insurance
Income Needed
$91,600
gross annual (30% rule)
10% Down Option
$34,580
+ PMI applies
Loan Amount (20% dn)
$276,639
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Norway, ME?
The median home value in Norway is $345,799 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.1% year-over-year.
How much have home prices changed in Norway?
Over the past year, home values in Norway have increased by 1.1%. Over five years, prices have risen approximately 28.8%.
How much do I need to earn to buy a home in Norway?
To comfortably afford the median home price of $345,799 with a 20% down payment ($69,160) at today's rates (6.8%), you'd need a gross annual income of approximately $91,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Norway compare to the national average home price?
The national median home value is approximately $410,000. At $345,799, homes in Norway are 16% below the national average.