Norman, Oklahoma.
Typical home $260,448 (+0.7% in a year), asking rent $1,407 (+3.1%). Oklahoma City, OK metro.
to buy the typical home at today's mortgage rate — +$717 (+110%) since Jan 2020.
- 1 year
- Up $1,685 +1%
- $258,763$260,448 since Sep 2025
- 5 years
- Up $54,172 +26%
- $206,276$260,448 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Norman$1,367
- Oklahoma$1,159
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 15 years.
Typical home values in Norman, OK rose 0.7% over the past year — slower than the nation's +1.2%.
Asking rents in Norman, OK rose 3.1% over the past year — faster than the nation's +2.7%.
Owning the typical home in Norman runs $456/mo more than renting one. The gap peaked at $558 in Oct 2023.
That is $1,863 a month against $1,407 rent: a $1,367 mortgage payment, plus $217 property tax and $279 insurance & upkeep.
Owning vs renting — Norman
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$1,863
- Renting$1,407
- Mortgage only$1,367
Property tax · $217/mo 1.00% of value a year — the ACS 2020-2024 median bill over the median home value for Cleveland County, OK
Insurance & upkeep · $279/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Norman, Cleveland County, Oklahoma
Norman is a city of 128,026 people in Cleveland County. Half its households earn more than $67,704 a year and half less, against $77,068 across Cleveland County; 17% of its people live below the poverty line. 53% of its homes are lived in by their owners and 47% are rented. Unemployment in Norman was 3.7% in August 2026, and Cleveland County had 0.7% more jobs in 2025 than the year before. The most residents work in schools and health care, then restaurants and hotels.
Written by AI Claude Sonnet 5.5 wrote this on 24 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Norman is a large city, and it is a young one: residents are younger than in most American places, and more of them rent their homes than own them. Incomes run below those of Cleveland County as a whole, and a larger share of residents live below the poverty line than many would expect of a county with this much education. Adults here are more likely than not to hold a four-year degree. Winters are cold but short on snow, summers are hot, and rain and melted snow add up to a fairly wet year.
Work. Schools, hospitals and social care employ more residents than any other line of work, followed by restaurants, hotels and entertainment, then shops and professional and business services. Among the largest workplaces in Norman are Norman Schools, Walmart and Griffin Memorial Hospital. Unemployment is a little higher than a year ago, while jobs across Cleveland County have edged up. A typical commute is moderate, and some residents work from home.
Things to do. A short drive away are the Fred Jones Jr. Museum of Art and the Sam Noble Museum, a pair of museums for an afternoon indoors. Lake Thunderbird, a reservoir with a state park alongside it, is also a short drive away for time on the water. A longer drive brings you to the Oklahoma City Zoo and Botanical Garden.
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- 52,748households
- 46%of adults have a degree
- 17%below the poverty line
- 23 mintypical commute
- 12%work from home
What residents work in
Employed residents by industry, from the Census survey. Cleveland County had 91,969 jobs in 2025, 0.7% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 50° and lows near 28°; warmest in July, with highs near 92° and lows near 71°. About 4 inches of snow and 38 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Norman 3SSE weather station, 7 miles away (NOAA).
Largest workplaces in Norman
- Norman SchoolsSchool district1,955FTE
- JC Residential and Light CommercialManufacturing1,293
- WalmartWarehouse clubs and supercenters374
- Absentee Shawnee Tribal Health SystemClinics/centers of health practitioners from more than one industry practicing within the same establishment339
- Xcel NDTNon-destructive testing laboratories or services333
- Griffin Memorial HospitalPsychiatric hospital320FTE
- WalmartWarehouse clubs and supercenters301
- TargetDiscount department stores300
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 52 workplaces with 20 or more staff, 6,693 people in all. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Ice stormsRelatively high
- HailRelatively high
- Cold wavesRelatively high
- Heat wavesRelatively high
- Winter weatherRelatively high
- TornadoesRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Norman’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Cleveland County and the Oklahoma City, OK metro.
Norman home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Norman$260,448
- Oklahoma$220,801
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Norman listings, and the typical home goes pending in 26 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Norman28.08%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Norman26
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Norman609
New listings per month
Sellers arriving at the market.
- Norman161
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Norman$259,724
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Norman97.69%
Zip codes with a Norman address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Norman — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Norman
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 73072 | Norman | 50,881 | $1,469 | $317,809 |
| 73071 | Norman | 43,798 | $1,340 | $221,413 |
| 73069 | Norman | 28,462 | $1,426 | $241,205 |
| 73026 | Norman | 11,216 | — | $322,323 |