Norristown First-Time Homebuyer Report for October

Norristown is a small city in Pennsylvania with a median income of $43,765 per household. Besides being somewhat affluent, its population is much older than others with a median age of 31 years. Condos and townhouses account for 21% of the area's current housing market. The top school in the city is Hancock Elementary School.

Culture

According to Foursquare, Elmwood Park and Schuylkill River Trail - Norristown are the most popular outdoor attractions in Norristown. You might also try The Centre Theater and Theatre Horizon, a few popular destinations for entertainment. Lastly, Taqueria La Michoacana, Zachary's BBQ, and Dunkin Donuts are well-known places to eat.

Price Range

Home values in Norristown are generally in line with others in the state with a median home value of $118,400 and an average list price of $103,463.

Make sure you take a look at these eye-catching homes in Norristown that generated the most views from potential buyers:

$339K   $229K   $125K  

Typical Dwelling

A three-bedroom townhouse valued around $114,167 is considered a typical dwelling in Norristown. If a buyer was looking for a similar home, they would need good credit and a $22,833 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $496 and the property tax rate is $16.80 per $1,000 of taxable assessed value.

Get started right now by checking out Norristown homes for sale or reviewing Norristown real estate trends.


Data reported through 10/13/2016

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