Norman Real Estate
With the establishment of the University, Norman’s early city planners took the first step toward their goal of turning the city into an important educational center. The years following reflected more steps toward this goal, and current city leaders preserved those early efforts in a variety of ways, including establishing three historic districts in 1995, 1997, and 2016. A historic district is an area that contains buildings that city officials have deemed have historical and/or architectural value to the city. In Norman, this means that in the three designated historic districts, the city has established laws to protect the historic homes and buildings from development that would destroy their historic value to the city.
The Chautauqua Historic District was the first historic district established in Norman. The architecture and environment of the neighborhood reflects the first years of Norman, as city planners worked toward transforming their railroad town on the prairie into a thriving city with a University at the center. The Chautauqua District has 153 residential structures built between 1915 and 1935 by University deans and faculty, and prominent businessmen of the day. The sizeable homes and tree-lined streets reflect the early city’s transformation into an educated University town, which is why city planners consider the neighborhood historically important.
The city established the Miller Historic District and the Southridge Historic District in 1997 and 2016, again to preserve the architectural details reflecting the city’s growth and change from a settlement town on the prairie to an educated, sophisticated city. The Miller District has 148 structures, mostly residential, built between 1910 and 1938. Like the Chautauqua District, the Miller District was a neighborhood built mostly by faculty from the university and local business leaders. The Southridge Historic District dates to another period of growth in Norman, with 120 properties building between 1920 and 1950. Again reflecting the changing nature of the city, this area is not a mix of architectural styles like the other two historical districts, but instead features beautiful examples of Tudor Revival and Colonial Revival architecture.
The historic value of these areas doesn’t affect the rental and real estate prices, however; the goal of city planners was to preserve the past, not make the areas unaffordable. Average rental prices range from around $750 for a one-bedroom apartment to around $2,000 for a four-bedroom home. The median home value in Norman is $173,417, including homes in the historic districts.