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 $177,615, lower than the North Carolina average of $226,477.
The average cost of rent is $707/mo in Norwood, primarily driven by the current value of real estate in the Norwood area. While nearly 49.99% of residents own their homes outright in Norwood, 19.56% rent.
Housing affordability isn’t just about home prices, though. The average household income in Norwood is $4,750 per month. Households that rent pay about 14.88% of their income on rent here. Norwood's most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Porter, NC: less expensive homes
- Cottonville, NC: less expensive homes
- River Haven, NC: higher priced homes
- Cedar Hill, NC: less expensive homes
- Mount Gilead, NC: equally priced homes
- Covington, NC: less expensive homes
- Ansonville, NC: less expensive homes
- Frog Pond, NC: less expensive homes
- Albemarle, NC: less expensive homes
- Wadeville, NC: less expensive homes
Cities with Similar Populations
- Addis, LA: higher priced homes
- Ossian, IN: less expensive homes
- Paoli, IN: less expensive homes
- Pana, IL: less expensive homes
- Palmyra, MO: less expensive homes
- Palmer, TX: less expensive homes
- Palermo, CA: higher priced homes
- Palacios, TX: less expensive homes
- Paintsville, KY: equally priced homes
- Pahokee, FL: less expensive homes
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