Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Norwood area can be challenging. Home prices in Norwood are now at a median cost of $251,074, lower than the Birmingham average of $276,622.
The average cost of rent is $1,270/mo in Norwood, primarily driven by the current value of real estate in the Norwood area. In Norwood, 46.17% of households rent, and 39.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Norwood is $3,054 per month. Households that rent pay about 41.60% of their income on rent here. Norwood’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Southside, Birmingham, AL: higher priced homes
- Forest Park, Birmingham, AL: higher priced homes
- Highland Park, Birmingham, AL: higher priced homes
- Five Points South, Birmingham, AL: higher priced homes
- Redmont Park, Birmingham, AL: higher priced homes
- Arlington, Birmingham, AL: less expensive homes
- Glen Iris, Birmingham, AL: higher priced homes
- Crestline, Birmingham, AL: higher priced homes
- South East Lake, Birmingham, AL: less expensive homes
- Belview Heights, Birmingham, AL: less expensive homes
Neighborhoods with Similar Populations
- Rothfield, Semmes, AL: less expensive homes
- Moon Lake Estates, Moon Lake, FL: less expensive homes
- Morningside, Pittsburgh, PA: equally priced homes
- Mountainville, Allentown, PA: equally priced homes
- North Park Forest, Houston, TX: less expensive homes
- North River Shores, Stuart, FL: higher priced homes
- North Village, Cuyahoga Falls, OH: less expensive homes
- Rickarby, Mobile, AL: less expensive homes
- Ridgewood, Springfield, OH: equally priced homes
- River Point, West Warwick, RI: higher priced homes
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