Market Overview
Home Prices in Norway, WI
The median home value in Norway, WI is $545,137 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.1% compared to a year ago and up 7.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Norway are priced33% above average. Norway is part of the Racine, WI metro area.
Over the past five years, Norway home values have risen by approximately31.0%, reflecting strong long-term appreciation in this market.
Price History
Norway Home Price Trend
City Comparison
Norway vs. National Median
At $545,137, homes in Norway cost 33% above the national median of $410,000. Buyers in Norway should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Norway?
20% Down Payment
$109,027
on $545,137
Monthly P&I
$2,843/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,611/mo
incl. taxes & insurance
Income Needed
$144,440
gross annual (30% rule)
10% Down Option
$54,514
+ PMI applies
Loan Amount (20% dn)
$436,110
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, WI?
The median home value in Norway is $545,137 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.1% year-over-year.
How much have home prices changed in Norway?
Over the past year, home values in Norway have increased by 5.1%. Over five years, prices have risen approximately 31.0%.
How much do I need to earn to buy a home in Norway?
To comfortably afford the median home price of $545,137 with a 20% down payment ($109,027) at today's rates (6.8%), you'd need a gross annual income of approximately $144,440. 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 $545,137, homes in Norway are 33% above the national average.
What metro area is Norway part of?
Norway is part of the Racine, WI metropolitan area. Home prices and market conditions can vary across the broader metro region.