HomeIowaBenton CountyNorway city
Norway city, Iowa: commercial real estate data.
Norway city is a Census city of 546 people across 0.44 square miles of land, in Benton County. Median household income is $76,667, 92.5 percent of occupied homes are owned, and the SBA record carries 1 7(a) approvals to borrowers here worth $75,000.
66 sourced place values · tier FULL · 7 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Norway
What Norway is
- Census place typecity
- Land area0.44 sq mi
- Water area0 sq mi
- Population per square mile of land1,252 plus or minus 284
- County holding the largest share of its areaBenton County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Norway
How many people live in Norway
- Population546 plus or minus 124
- Median age43.5 plus or minus 19.0
- Population under 1897 plus or minus 30
- Share under 1817.8 percent plus or minus 3.8
- Population 65 and over129 plus or minus 48
- Share 65 and over23.6 percent plus or minus 6.9
- Households226 plus or minus 48
- Family households130 plus or minus 41
- Share of households that are families57.5 percent plus or minus 13.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Norway
Income and work in Norway
- Median household income$76,667 plus or minus $21,780
- Per capita income$38,794
- Civilian labor force311 plus or minus 75
- Employed308 plus or minus 74
- Unemployed3 plus or minus 5
- Unemployment rate1.0 percent plus or minus 1.6
- Adults 25 and over412 plus or minus 97
- Adults 25 and over with a high school diploma or higher96.6 percent plus or minus 29.5
- Adults 25 and over with a bachelor degree or higher19.7 percent plus or minus 7.3
- Adults 25 and over with a graduate degree0.0 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Norway
Housing in Norway
- Housing units240 plus or minus 54
- Occupied units226 plus or minus 48
- Vacant units14 plus or minus 20
- Vacancy rate5.8 percent plus or minus 8.2
- Owner occupied209 plus or minus 47
- Renter occupied17 plus or minus 14
- Ownership rate92.5 percent
- Median owner-occupied home value$158,400
- Median gross rent, monthly$1,073 plus or minus $294
- Annual rent as a share of median income16.8 percent plus or minus 6.6
- Single family units229 plus or minus 52
- Share single family95.4 percent
- Units in buildings of two or more11 plus or minus 14
- Share in buildings of two or more4.6 percent plus or minus 5.9
- Mobile homes0
- Median year structure built1960
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Norway
How Norway gets to work
- Workers 16 and over who commute275 plus or minus 72
- Commuting under 15 minutes64 plus or minus 29
- Share commuting under 15 minutes23.3 percent plus or minus 8.5
- Commuting 30 minutes or more54 plus or minus 27
- Share commuting 30 minutes or more19.6 percent plus or minus 8.2
- Drove alone87.6 percent
- Carpooled2.3 percent plus or minus 2.6
- Public transport0.0 percent
- Walked1.0 percent plus or minus 1.3
- Worked from home8.0 percent plus or minus 5.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Norway
SBA loans in Norway (7(a))
- Approvals1
- Gross approval$75,000
- Average approval$75,000
- Median approval$75,000
- Ninetieth percentile approval$75,000
- Largest approval$75,000
- Jobs supported0
- Jobs per approval0.0
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS1
A charge-off rate is not published here. only 1 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Benton County, not Norway
Benton County context, not Norway figures
These are Benton County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Norway measurements.
- Establishments in Benton County535
- Employment at those establishments, Benton County4,296
- Covered employment, Benton County6,069
- Average annual pay, Benton County$54,216
- Average weekly wage, Benton County$1,043
- Housing units permitted, Benton County43
- Of those, single family, Benton County33
- County product, 2024, Benton County$1,137,117,000
- County product change over the prior year, Benton County1.0 percent
- Average income of an arriving household, Benton County$55,107
Every figure in this section is published for Benton County as a whole and is not a measurement of Norway. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Norway questions, answered from the record.
How many people live in Norway, Iowa?
546, in 226 households. Norway city covers 0.44 square miles of land, which is 1,252 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Norway in?
Benton County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Norway?
$76,667. The median owner-occupied home is valued at $158,400. Median gross rent is $1,073 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Norway businesses?
1 7(a) approvals totalling $75,000, across 1 lenders, median approval $75,000. These count approvals to borrowers whose address is in Norway, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Norway borrowers get paid back?
No rate is published for Norway. only 1 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Norway figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Benton County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Norway.
Is zoning published for Norway?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.