Norge, Oklahoma Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Norge, Oklahoma rental market.
Norge, Oklahoma
Average Apartment Rent
$741
Y-o-Y Change in Average
Apartment Rent
3.6%
As of November 2024
Compared to a year ago, Norge, Oklahoma apartments have recorded a 3.6% rent increase.
Norge, Oklahoma Average apartment rent trend
Norge, Oklahoma Average Apartment Rent
Norge, Oklahoma Apartment rent ranges
At 58.16%, apartments priced $700 - $1000 represent the bulk of Norge, Oklahoma rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 2.13%.
Norge, Oklahoma Housing tenure**
Renters take up 7% of Norge, Oklahoma real estate, occupying a total of 5 units, while homeowners live in 64 properties.
Median number of rooms of renter-occupied housing units**
5.3
Average household size of renter-occupied housing units**
4.4
Norge, Oklahoma Renter-occupied housing units by no. of bedrooms**
There are 4 rentals in Norge, Oklahoma with 3 beds making up the highest share of the market, at 80%. Units with 2 beds, on the other hand, hold the lowest percentage (20%), amounting to 1 units. Overall, the median number of rooms in Norge, Oklahoma homes for rent is 5.3.
Norge, Oklahoma Renter-occupied units by age of householder**
Most condos for rent in Norge, Oklahoma are occupied by residents in the 65 - 74 years age group (40%), followed by those in the 55 - 59 years age group (20%). At the same time, people in the 25 - 34 years age group make up the lowest share of the local rental market – 20%.
Norge, Oklahoma Renter-occupied housing units by family type**
Norge, Oklahoma Renter-occupied housing units by the presence of own children**
A total of 4 apartments for rent in Norge, Oklahoma, or 80% of all rentals are family households. Additionally, 60% of rental homes include children under the age of 18 – that’s 3 units. All in all, the median size of a renter-occupied household in Norge, Oklahoma is 4.4.
Norge, Oklahoma Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 20% of the rental market. In contrast, residents with less than a high school degree reside in 20% of the homes for rent in Norge, Oklahoma.
Norge, Oklahoma Renter-occupied units by year structure built**
The highest share of Norge, Oklahoma apartment rentals, namely 40% or 2 units, were Built 1980 - 1989, followed by those Built 1940 - 1949 (20%, 1 units), and the ones Built 1970 - 1979 (20%, 1 units).
Norge, Oklahoma Renter-occupied units by year householder moved in**
Median year renter moved into unit 2014
Most Norge, Oklahoma renters (40%) moved in 2018 to 2020, while only 20% of them moved in 2010 to 2017. Overall, the median year renters have occupied their Norge, Oklahoma condos for rent is 2014.
Norge, Oklahoma Renter-occupied housing units by vehicles available**
When it comes to transportation options, 40% of Norge, Oklahoma renters have 4 or more vehicles available per household, 40% of them have 2 vehicles available, and 20% have 1 vehicle available.
Norge, Oklahoma Means of transportation to work of householders living in renter-occupied housing units**
When it comes to transportation options, 40% of Norge, Oklahoma renters have 4 or more vehicles available per household, 40% of them have 2 vehicles available, and 20% have 1 vehicle available.
Norge, Oklahoma Geographical mobility in the past year for householders living in renter-occupied housing units**
Norge, Oklahoma Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Norge, Oklahoma apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
