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Area data

Norway, IA — ZIP 52318

Population: 1,099 (Census ACS)

The median home value in ZIP 52318 (Norway, IA) is $276,465 — up 5.3% over the past year. Homes sell for a median $168,000 after a median 30 days on market. 1 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Very Low, with drought, hail, strongwind the top-rated hazards. Cost of living is 10.5% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$276,465

Median home value

+5.3%

1-year change

30

Median days on market

Very Low

Hazard risk (county)

Home values & appreciation

Median home value
$276,465
1-year appreciation
+5.3%
3-year appreciation
+16.2%
5-year appreciation
+36.1%
10-year appreciation
+72.7%
All-time peak (2026-07)
$276,465
House Price Index (state)
379.0 (+3.7% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$168,000
Median list price
$240,000
Median price per sqft
$112
1-year sale-price change
-36.6%
Median days on market
30 days
Homes sold (recent period)
3
Sale-to-list ratio
91.1%
Active listings
1
1-year forecast
+1.8%

Source: recent area sales and market data (ZIP-level)

Rents

Studio fair-market rent
$696/mo
1BR fair-market rent
$870/mo
2BR fair-market rent
$1,088/mo
3BR fair-market rent
$1,415/mo
4BR fair-market rent
$1,633/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Low)
89.5 (100 = US avg)
Electricity rate (state-level)
13.7¢/kWh
Natural gas rate (state-level)
$10.60/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
1
Elementary schools
0
Middle schools
1
High schools
0
Schools include
Norway Elementary School

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Very Low
Top hazards (county)
drought, hail, strongWind
Notable hazard ratings (county)
drought: Relatively Moderate · hail: Relatively Moderate · iceStorm: Relatively Low · inlandFlooding: Relatively Low · strongWind: Relatively Moderate · tornado: Relatively Low
FEMA flood zone
X
Flood risk level
Minimal
Wildfire risk to homes (county)
Higher than 31% of US counties
Buildings in wildfire direct-exposure zone
29.9%
Radon potential (county)
High radon potential — EPA Zone 1 of 3
EPA Superfund (NPL) sites within 5 mi
None
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
53.0°F
Average high
62.0°F
Average low
44.0°F
Annual precipitation
30.0 in
Annual snowfall
26.3 in
USDA plant hardiness zone
5a (extreme annual low -20 to -15°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Walkability & transit

Walkability index
4.2 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
15,634
Jobs reachable by transit (45 min)
13,575

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

National parks within ~60 mi
1
Nearest national park
Herbert Hoover National Historic Site (32 mi)
Airports within 30 mi
17
Nearest airport
Rich Field (5 mi)
Nearest major airport
The Eastern Iowa Airport (CID) (9 mi)
Hospitals nearby (~15 mi)
3
Hospitals include
ST LUKES HOSPITAL, IOWA CITY VA MEDICAL CENTER, VIRGINIA GAY HOSPITAL
Avg hospital rating (CMS)
4.5 / 5
Best hospital rating nearby (CMS)
5.0 / 5
Solar radiation rating
Fair (3.9 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
+9 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,945
Housing built before 1970
69.9%
Housing built 2000 or later
9.2%
Median annual property tax
$2,493
Households with broadband internet
83.1%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
4,343
Average weekly wage
$923
Top industries (by employment)
Health Care, Construction, Wholesale Trade
Annual residential building permits (county)
27

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 52318State medianUS median
Median home value$276,465$211,348$289,727
Median sale price$168,000$220,000$325,000
Median days on market30 days48 days51 days
Median annual property tax$2,493$1,927$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in ZIP 52318?
$276,465.
What is the median sale price in ZIP 52318?
$168,000.
How long do homes take to sell in ZIP 52318?
Median days on market: 30 days.
What is typical rent in ZIP 52318?
2-bedroom fair-market rent: $1,088/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
What is the natural-hazard risk in ZIP 52318?
Overall risk: Very Low (FEMA NRI, county-level). Top hazards: drought, hail, strongWind.
Is ZIP 52318 in a flood zone?
Minimal (FEMA NFIP). FEMA flood zone X.
What is the wildfire risk in ZIP 52318?
Risk to homes is higher than 31% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 52318?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 52318?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve ZIP 52318?
1 schools (1 middle) (NCES, 2022-23).
Is ZIP 52318 walkable?
Walkability index: 4.2/20 (EPA Smart Location Database).
What is the cost of living in ZIP 52318?
Regional Price Parity: 89.5 (100 = US average) (Low) (BEA RPP, metro/state-level).

Nearby ZIP codes

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents