The village of Norðoyri is home to 156 residents (as of pre-31st December 2024) and covers an area of 24 merkur. Of this, 17 merkur and 12 gyllin are copyhold land, while 4 gyllin are freehold. The copyhold land is managed by four tenants, and the local sheep herd consists of 330 animals.

Although Norðoyri was first mentioned in 1463, evidence of Viking Age settlement can still be seen in the village, with ruins scattered throughout the landscape. In 1745, one of the village’s farms was tragically destroyed by an avalanche.

A notable figure in the village’s history is Sheriff Samuel Michael Matras, who lived on the Uppistovufestið farm from 1813 until his death in 1857. Matras meticulously documented all agricultural activities on the farm in a detailed diary, which has become a unique and invaluable source for the history of Faroese agriculture. The diary is kept at Tjóðskjalasavnið, with a small portion also housed in the archive in Klaksvík.