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 $301,005, higher than the Kentucky average of $164,895.
The average cost of rent is $1,165/mo in Norwood, primarily driven by the current value of real estate in the Norwood area. While nearly 18.67% of residents own their homes outright in Norwood, 55.73% rent.
Housing affordability isn’t just about home prices, though. The average household income in Norwood is $4,922 per month. Households that rent pay about 23.67% 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.
Nearby Cities
- Bellemeade, KY: less expensive 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: less expensive 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
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- Parks Crossroads, NC: less expensive homes
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- Parnell, KY: less expensive homes
- Parthenon, AR: less expensive homes
- Patronville, IN: less expensive homes
- Pauwela, HI: higher priced homes
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