The median home in Norway, Michigan is valued at $151,823, down 7.0% year over year. Norway is part of the Iron Mountain, MI-WI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$151,823

-7.0%

Prices falling — better for buyers.

Affordability

Enter your income for Norway.

Income (annual)

Down Payment

$30,365 on $151,823

Example: $75,000 household income. Change it above to see your own.

Affordable17.5% of income

Under the 28% guideline.

PITI$1,096

P/I17.5%

Afford$242K

Room+$91K

P&I $768Tax $195Ins $133

6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Michigan

Compare Norway with other housing markets across Michigan.

Lake Angelus$1.66M Leland$1.1M Orchard Lake$914K Franklin$845K Lake Leelanau$832K Kewadin$811K Lakeside$800K Northport$758K

Full Iron Mountain, MI-WI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Iron Mountain, MI-WI metro.

View Iron Mountain, MI-WI metro

Weekly briefing

Every Monday — score changes, top movers, and what shifted. Free.

Norway, MI