Market Overview
Home Prices in Norristown, PA
The median home value in Norristown, PA is $344,717 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2% compared to a year ago and up 2.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Norristown are priced16% below average. Norristown is part of the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro area.
Over the past five years, Norristown home values have risen by approximately31.8%, reflecting strong long-term appreciation in this market.
Price History
Norristown Home Price Trend
City Comparison
Norristown vs. National Median
At $344,717, homes in Norristown cost 16% below the national median of $410,000. This makes Norristown a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Norristown?
20% Down Payment
$68,943
on $344,717
Monthly P&I
$1,798/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,283/mo
incl. taxes & insurance
Income Needed
$91,320
gross annual (30% rule)
10% Down Option
$34,472
+ PMI applies
Loan Amount (20% dn)
$275,774
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 Norristown, PA?
The median home value in Norristown is $344,717 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2% year-over-year.
How much have home prices changed in Norristown?
Over the past year, home values in Norristown have increased by 2%. Over five years, prices have risen approximately 31.8%.
How much do I need to earn to buy a home in Norristown?
To comfortably afford the median home price of $344,717 with a 20% down payment ($68,943) at today's rates (6.8%), you'd need a gross annual income of approximately $91,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Norristown compare to the national average home price?
The national median home value is approximately $410,000. At $344,717, homes in Norristown are 16% below the national average.
What metro area is Norristown part of?
Norristown is part of the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metropolitan area. Home prices and market conditions can vary across the broader metro region.