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Explore Similar Apartments Within 25 Miles of Norfolk, NE

  • /13

    $410,000

    • 7 Beds
    • 5 Baths

    422 Lincoln St, Wayne, NE 68787

    Excellent investment opportunity in a centrally located neighborhood! This well-maintained apartment building features five spacious 2-bedroom, 1-bath units, offering consistent rental income and strong tenant appeal. Total gross rental income comes to $32,000 annually, and tenants pay their own utilities (owner pays only for garbage service). One unit includes in-unit washer & dryer, while

    Neil Carnes RE/MAX TOTAL REALTY

    422 Lincoln St, Wayne, NE 68787
  • /13

    $200,000

    • 6 Beds
    • 4 Baths
    • 1,648 Sq Ft

    211 Sherman St, Wayne, NE 68787

    Investment Opportunity to get started with rental property. Contains 4-units that are currently all occupied with longer term tenants. 2- 2 bedroom apartments and 2-1 bedroom apartments. Owned as a rental property through the years. Shows a great return on investment. Don't miss out on this earning opportunity.

    Chris Miller Don Miller Land Co., Inc.

    211 Sherman St, Wayne, NE 68787

Why Live in Norfolk

Norfolk, Nebraska, located about 120 miles northwest of Lincoln and Omaha, is the economic hub of Madison County, known for its farming, manufacturing, and retail industries. Founded in 1866 by German immigrants, Norfolk has a population of approximately 26,000 and is the eighth-largest city in the state. The city’s economy is diverse, with traditional food production and steel manufacturing now complemented by healthcare, technology, and insurance sectors. Norfolk has recently gained recognition for its revitalization efforts, particularly the North Fork Riverfront Development, which includes the North Fork Whitewater Park. This $25 million project has increased tourism and business, featuring engineered rapids for rafting and kayaking. The city maintains 16 parks, including the renovated Johnson Park with an ice rink, nature playground, and amphitheater. Downtown Norfolk has seen growth with new bars, boutiques, and restaurants, and is just three blocks from the North Fork Whitewater Park. Housing options in Norfolk range from pre-existing homes to new constructions, with styles including manufactured homes, century-old cottages, farmhouses, and custom ranch-style homes. Norfolk Public Schools serve the area, with schools receiving moderate ratings. The city is accessible via U.S. Highways 81 and 275 and Nebraska Highways 24 and 35, with Sioux Gateway Airport 90 miles away. Since 2020, Norfolk's crime rates have been mostly lower than the national and state averages, although periodic spikes have occurred.

Home Trends in Norfolk, NE

Housing Trends

Median Sale Price
$463,400
Median Single Family Sale Price
$494,900
Median Townhouse Sale Price
$313,590
Average Price Per Sq Ft
$178
Number of Homes for Sale
5
Last 12 months Home Sales
30
Months of Supply
2.00
Median List Price
$378,700
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
23%
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