Much like the surrounding areas, it is substantially less expensive compared to the entire nation. Compared to the city of Johnson City, it is a lot less expensive.
Home prices
The cost of the median home in Norton is $93,800. Compared to other places in this area it is roughly $4,300 (4%) higher.Compared to the country as a whole it is roughly $123,700 (56%) lower, and in comparison to the city of Johnson City is roughly $73,700 (43%) lower.
Rents
The median rent in Norton is $618 per month. It is approximately $79 (14%) higher compared to its surrounding areas.It is about $444 (41%) lower in comparison to the country as a whole, and is roughly $137 (18%) lower in comparison to the city of Johnson City.
Nearby places
Wise
Wise is about 3 miles northeast of Norton. The real estate prices there are a bit more expensive. The median home in Wise is valued at $136,000, which works out to $42,200 (31%) higher than Norton. The rent there is pretty similar. In Wise the median rent is $646 per month, which comes out to $28 (4%) higher than Norton.
Coeburn
Coeburn is about 7 miles east of Norton. Housing prices there are significantly less expensive. The median home in Coeburn costs $61,700, which works out to $32,100 (52%) lower than Norton. Rent there is somewhat less expensive. In Coeburn the median rent is $582 a month, which comes out to $36 (6%) lower than Norton.
Appalachia
Appalachia is about 7 miles west of Norton. Its housing prices are a lot less expensive. The median home in Appalachia costs $58,700, which is $35,100 (59%) lower than Norton. Rent there is significantly less expensive. Appalachia's median monthly rent is $370, which works out to $248 (67%) lower than Norton.
Big Stone Gap
Big Stone Gap is approximately 8 miles southwest of Norton. Real estate prices there are somewhat more expensive. The price of the median home in Big Stone Gap is $126,100, which works out to $32,300 (25%) higher than Norton. Rents there are a little more expensive. The median monthly rent in Big Stone Gap is $690, which is $72 (10%) higher than Norton.
Dungannon
Dungannon is roughly 10 miles southeast of Norton. The housing prices there are substantially less expensive. The value of the median home in Dungannon is $65,000, which is $28,800 (44%) lower than Norton. Rent there is a lot less expensive. The median rent in Dungannon is $407 per month, which comes out to $211 (51%) lower than Norton.
