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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 $223,586, lower than the Louisiana average of $235,139.
The average cost of rent is $843/mo in Norwood, primarily driven by the current value of real estate in the Norwood area. In Norwood, 13.93% of households rent, and 52.27% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Norwood is $5,575 per month. Households that rent pay about 15.13% of their income on rent here. Norwood’s most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wilson, LA: less expensive homes
- Centreville, MS: less expensive homes
- Felixville, LA: higher priced homes
- Troy, LA: higher priced homes
- Gurley, LA: higher priced homes
- Clinton, LA: equally priced homes
- Ethel, LA: equally priced homes
- Turnbull, MS: less expensive homes
- Jackson, LA: equally priced homes
- Darlington, LA: less expensive homes
Cities with Similar Populations
- Mount Pleasant, NY: less expensive homes
- Ocracoke, NC: higher priced homes
- Oakland, MO: equally priced homes
- Nickerson, NE: equally priced homes
- Nickel, TX: equally priced homes
- Newcomb, TN: less expensive homes
- New Elm, GA: less expensive homes
- Nelson, IL: less expensive homes
- Mount Vernon, SD: equally priced homes
- Odessa, DE: higher priced homes
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