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 $491,958, higher than the Massachusetts average of $477,554.
The average cost of rent is $1,727/mo in Norwood, primarily driven by the current value of real estate in the Norwood area. While nearly 34.84% of residents own their homes outright in Norwood, 42.20% rent.
Housing affordability isn’t just about home prices, though. The average household income in Norwood is $8,256 per month. Households that rent pay about 20.92% of their income on rent here. Norwood's most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Westwood, MA: higher priced homes
- East Walpole, MA: higher priced homes
- Walpole, MA: higher priced homes
- Canton, MA: higher priced homes
- Dedham, MA: higher priced homes
- Medfield, MA: higher priced homes
- Dover, MA: higher priced homes
- Sharon, MA: higher priced homes
- Hyde Park, MA: equally priced homes
- Stoughton, MA: less expensive homes
Cities with Similar Populations
- Garden City, KS: less expensive homes
- Sand Springs, OK: less expensive homes
- San Sebastian, PR: less expensive homes
- San Carlos, CA: higher priced homes
- Rockford, MI: less expensive homes
- Niles, IL: less expensive homes
- Lady Lake, FL: less expensive homes
- Indiana, PA: less expensive homes
- Helena, MT: less expensive homes
- Garfield, NJ: less expensive homes
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