Home Price Key
Affordable
Average
Expensive
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 $172,275, lower than the Iowa average of $182,666.
The average cost of rent is $1,409/mo in Norwood, primarily driven by the current value of real estate in the Norwood area. While nearly 51.89% of residents own their homes outright in Norwood, 6.45% rent.
Housing affordability isn’t just about home prices, though. The average household income in Norwood is $6,993 per month. Households that rent pay about 20.15% of their income on rent here. Norwood's most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Lucas, IA: less expensive homes
- Liberty Center, IA: higher priced homes
- Oakley, IA: less expensive homes
- Woodburn, IA: equally priced homes
- Lacona, IA: less expensive homes
- Newbern, IA: equally priced homes
- Chariton, IA: less expensive homes
- New Virginia, IA: higher priced homes
- Milo, IA: equally priced homes
- Last Chance, IA: less expensive homes
Cities with Similar Populations
- Phillips, OK: less expensive homes
- Parkers Ferry, SC: higher priced homes
- Parvin, PA: equally priced homes
- Paskenta, CA: higher priced homes
- Passaconaway, NH: higher priced homes
- Payne, AR: less expensive homes
- Pearl City, TN: higher priced homes
- Pedlar Mills, VA: higher priced homes
- Penland, TX: higher priced homes
- Pennington, CA: higher priced homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood