Home Price Key
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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 $137,931, lower than the Illinois average of $242,002.
The average cost of rent is $1,207/mo in Norwood, primarily driven by the current value of real estate in the Norwood area. While nearly 48.37% of residents own their homes outright in Norwood, 16.25% rent.
Housing affordability isn’t just about home prices, though. The average household income in Norwood is $5,700 per month. Households that rent pay about 21.17% of their income on rent here. Norwood's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Bellevue, IL: less expensive homes
- West Peoria, IL: less expensive homes
- Bartonville, IL: less expensive homes
- Peoria, IL: equally priced homes
- Hanna City, IL: equally priced homes
- Edwards, IL: higher priced homes
- Tuscarora, IL: less expensive homes
- Mapleton, IL: higher priced homes
- Smithville, IL: higher priced homes
- Creve Coeur, IL: less expensive homes
Cities with Similar Populations
- Raymond, IA: higher priced homes
- Martinsburg, MO: equally priced homes
- Matewan, WV: less expensive homes
- McMillin, WA: higher priced homes
- Merigold, MS: less expensive homes
- Middle Grove, MO: equally priced homes
- Midway, IN: higher priced homes
- Milstead, AL: higher priced homes
- Minnesota Lake, MN: equally priced homes
- Misenheimer, NC: higher priced homes
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