Market Overview
Home Prices in Norman, OK
The median home value in Norman, OK is $265,751 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.3% compared to a year ago and up 2.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Norman are priced35% below average. Norman is part of the Oklahoma City, OK metro area.
Over the past five years, Norman home values have risen by approximately29.8%, reflecting strong long-term appreciation in this market.
Price History
Norman Home Price Trend
City Comparison
Norman vs. National Median
At $265,751, homes in Norman cost 35% below the national median of $410,000. This makes Norman a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Norman?
20% Down Payment
$53,150
on $265,751
Monthly P&I
$1,386/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,760/mo
incl. taxes & insurance
Income Needed
$70,400
gross annual (30% rule)
10% Down Option
$26,575
+ PMI applies
Loan Amount (20% dn)
$212,601
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 Norman, OK?
The median home value in Norman is $265,751 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.3% year-over-year.
How much have home prices changed in Norman?
Over the past year, home values in Norman have increased by 1.3%. Over five years, prices have risen approximately 29.8%.
How much do I need to earn to buy a home in Norman?
To comfortably afford the median home price of $265,751 with a 20% down payment ($53,150) at today's rates (6.8%), you'd need a gross annual income of approximately $70,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Norman compare to the national average home price?
The national median home value is approximately $410,000. At $265,751, homes in Norman are 35% below the national average.
What metro area is Norman part of?
Norman is part of the Oklahoma City, OK metropolitan area. Home prices and market conditions can vary across the broader metro region.