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 $648,651, higher than the New Jersey average of $388,929.
The average cost of rent is $1,875/mo in Norwood, primarily driven by the current value of real estate in the Norwood area. While nearly 34.93% of residents own their homes outright in Norwood, 15.35% rent.
Housing affordability isn’t just about home prices, though. The average household income in Norwood is $11,541 per month. Households that rent pay about 16.24% of their income on rent here. Norwood's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Northvale, NJ: less expensive homes
- Harrington Park, NJ: equally priced homes
- Rockleigh, NJ: equally priced homes
- Closter, NJ: equally priced homes
- Old Tappan, NJ: higher priced homes
- Palisades, NY: less expensive homes
- Tappan, NY: less expensive homes
- Sparkill, NY: equally priced homes
- Alpine, NJ: higher priced homes
- DeMarest, NJ: higher priced homes
Cities with Similar Populations
- Mountain View, MO: less expensive homes
- New Gloucester, ME: less expensive homes
- New Egypt, NJ: less expensive homes
- New Concord, OH: less expensive homes
- New Columbia, PA: less expensive homes
- New Carlisle, IN: less expensive homes
- New Boston, NH: less expensive homes
- Nevada, TX: less expensive homes
- Natalia, TX: less expensive homes
- Myersville, MD: less expensive homes
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