Town in Racine County, Wisconsin. Data-backed housing guide by Kinan Sawar, MD — REALTOR® at Shorewest, REALTORS®. Figures as of 2026-07-03.
| Typical home value | $541,931 |
|---|---|
| 1-year change | +5.7% |
| 5-year change | +32.2% |
| Typical rent | not published |
The typical home in Norway, Wisconsin is worth about $541,931 as of 2026-07-03, up 5.7% over the past year and up 32.2% over five years. Source: Zillow Home Value Index, compiled by Sawar Homes.
Norway holds the top of the Racine County value table. Its typical home value of $541,931 as of April 30, 2026 ranks 1 of 14 municipalities in the county — $122,516 above the county median of $419,415, a premium of about 29%.
The gap to the rest of the county is not close. The nearest peer by value, Yorkville, sits at $527,580 — about $14,400 back — followed by Raymond at $504,274, Dover at $490,873, and Waterford at $445,177. Norway is also roughly 19% above the seven-county regional median of $455,834.
Growth has been steady rather than explosive: 5.7% over the past year and 32.2% over five years.
Being first of 14 means Norway prices against a county where the typical municipality trades near $419,415 — so a Norway buyer is paying a six-figure premium to the county norm. That premium is the defining economic fact of this market. Within its own tier, though, competition exists: Yorkville and Raymond both clear $500,000, so Norway's top rank rests on a margin of about 3% over its closest rival.
The trajectory is consistent. Five-year growth of 32.2% implies a simple average of about 6.4 points per year, and the trailing year came in at 5.7% — close to trend, neither accelerating nor stalling. Markets rarely stay this on-pace, and nothing in a snapshot guarantees the pattern continues.
No ZIP-level value or rent data is available for the town of Norway in this dataset, so the municipal figure is the working number.
| Homes sold (arms-length, single-family) | 98 |
|---|---|
| Median sale price | $445,000 |
| Middle 50% of sales | $332,500 to $623,750 |
| Government-backed financing (FHA/VA/USDA) | 1% |
| Seller-financed | 1% |
Over the 12 months ending June 2026, 98 single-family homes sold in Norway, Wisconsin in arms-length transactions, at a median price of $445,000. Half of those sales fell between $332,500 and $623,750. Source: Wisconsin Department of Revenue real estate transfer returns, compiled by Sawar Homes — every recorded sale, including for-sale-by-owner and builder-direct transactions that never appear in the MLS.
Zillow’s typical-home-value estimate for Norway is $541,931, while homes that actually changed hands had a median price of $445,000 — a difference of -17.9%. These measure different things, and neither is wrong: the index estimates the value of every home whether or not it sold, while the sale figure reflects only the homes that changed hands, which usually skew toward the more affordable end of the market.
Buyers should understand what the rank means in dollars: the typical Norway home costs $122,516 more than the Racine County median. If the goal is Racine County at a lower entry point, the data offers nearby alternatives — Dover at $490,873 or Waterford at $445,177 — at 9% to 18% less than Norway's typical value. If the goal is Norway specifically, the 5.7% one-year gain says the price of waiting has been real but not extreme.
Sellers own the county's top-ranked market by typical value, and the five-year record — 32.2% — supports pricing with confidence. The check on that confidence is Yorkville at $527,580: buyers shopping the top of Racine County have a well-priced alternative about $14,000 below Norway's typical figure. Pricing that acknowledges the alternative tends to hold up better than pricing that ignores it. Past appreciation does not guarantee a sale price.
The Town of Norway is lake country in northwestern Racine County, with Wind Lake and Waubeesee Lake at its center ringed by shoreline neighborhoods and boat launches. The community of Wind Lake along Highway 36 handles day-to-day errands on the drive toward Milwaukee's southwest suburbs, and Heg Memorial Park preserves the site of one of America's earliest Norwegian settlements with a museum and picnic grounds.
Dates and details change year to year — check each event’s organizers for current schedules.
In this dataset, the town of Norway ranks 1 of 14 Racine County municipalities by typical home value, at $541,931 as of April 30, 2026.
The typical home value in the town of Norway is $541,931, about $122,500 above the Racine County median of $419,415.
Values are up 5.7% over the past year and 32.2% over five years, per data through April 30, 2026.
Among its listed peers: Yorkville at $527,580, Raymond at $504,274, Dover at $490,873, and Waterford at $445,177 — all below Norway's $541,931.
All Southeast Wisconsin area guides
Kinan Sawar, MD — REALTOR® at Shorewest, REALTORS®, serving Milwaukee and Southeast Wisconsin (Milwaukee, Waukesha, Ozaukee, Washington, Racine, Kenosha, and Walworth counties). Email: [email protected] · Phone: (618) 713-2964.
How to choose a real estate agent in Norway and Milwaukee — a five-question checklist
Get a free Norway home valuation · Contact Kinan Sawar
Home values and rents are Zillow ZHVI/ZORI estimates for the named area, as of 2026-07-03; incomes and population are U.S. Census (SAIPE, Population Estimates); migration is IRS Statistics of Income. Area-level statistical estimates for information only — not an appraisal, and not financial, legal, or tax advice.