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 $134,477, lower than the Missouri average of $194,908.
The average cost of rent is $566/mo in Norwood, primarily driven by the current value of real estate in the Norwood area. While nearly 42.08% of residents own their homes outright in Norwood, 19.11% rent.
Housing affordability isn’t just about home prices, though. The average household income in Norwood is $3,634 per month. Households that rent pay about 15.57% of their income on rent here. Norwood's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Macomb, MO: higher priced homes
- Mountain Grove, MO: less expensive homes
- Owens, MO: higher priced homes
- Mansfield, MO: equally priced homes
- Olathia, MO: equally priced homes
- Hartville, MO: higher priced homes
- Dunn, MO: higher priced homes
- Jerico, MO: higher priced homes
- Bendavis, MO: higher priced homes
- Cabool, MO: less expensive homes
Cities with Similar Populations
- Meherrin, VA: equally priced homes
- Shepardsville, MI: higher priced homes
- Scottsmoor, FL: higher priced homes
- Rotan, TX: less expensive homes
- Reeseville, WI: higher priced homes
- Pleasant Hill, TN: equally priced homes
- Pine Valley, CA: higher priced homes
- North Bloomfield, OH: higher priced homes
- New Paris, PA: equally priced homes
- New Harmony, IN: higher priced homes
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