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Affordable
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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 $376,198, higher than the Kentucky average of $219,615.
The average cost of rent is $1,365/mo in Norwood, primarily driven by the current value of real estate in the Norwood area. In Norwood, 65.30% of households rent, and 22.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Norwood is $6,782 per month. Households that rent pay about 20.13% of their income on rent here. Norwood’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bellemeade, KY: equally priced homes
- Beechwood Village, KY: less expensive homes
- Woodlawn Park, KY: less expensive homes
- Lyndon, KY: less expensive homes
- Graymoor-Devondale, KY: less expensive homes
- Hurstbourne, KY: higher priced homes
- St. Matthews, KY: equally priced homes
- Richlawn, KY: less expensive homes
- St. Regis Park, KY: less expensive homes
- Windy Hills, KY: equally priced homes
Cities with Similar Populations
- Peedee, KY: less expensive homes
- Palmer, KY: less expensive homes
- Pampa, VA: higher priced homes
- Parker School, MT: less expensive homes
- Parks Crossroads, NC: less expensive homes
- Parnell, AR: less expensive homes
- Parnell, KY: less expensive homes
- Parthenon, AR: less expensive homes
- Patronville, IN: less expensive homes
- Pauwela, HI: higher priced homes
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