Norfolk, NE

The Norfolk, NE metropolitan statistical area (MSA) is located in the northeastern part of the state and includes the cities of Norfolk and Lincoln. The MSA is home to a population of approximately 1.3 million people.

The real estate market in the Norfolk, NE MSA has been strong in recent years, with home prices rising steadily. The median home price in the MSA was $180,000 in 2017, up from $170,000 in 2016. The number of homes sold also increased in 2017, reaching a total of 4,842 sales.

There are several factors that have contributed to the strong housing market in the Norfolk MSA. The economy has been doing well overall, with low unemployment and steady job growth. This has led to more people moving into the area and looking for homes. Additionally, interest rates remain low by historical standards, making it an affordable time to buy a home.

Looking ahead, it is expected that the strong housing market will continue in the Norfolk MSA. Home prices are projected to rise at a healthy pace over the next few years as demand remains high. If you are thinking about buying a home in this area, now is a good time to do so!