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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 $251,125, higher than the Ohio average of $236,816.
The average cost of rent is $1,070/mo in Norwood, primarily driven by the current value of real estate in the Norwood area. In Norwood, 52.80% of households rent, and 28.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Norwood is $6,540 per month. Households that rent pay about 16.36% of their income on rent here. Norwood’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Golf Manor, OH: less expensive homes
- St. Bernard, OH: less expensive homes
- Cincinnati, OH: higher priced homes
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- Amberley, OH: higher priced homes
- Dayton, KY: less expensive homes
- Silverton, OH: less expensive homes
- Arlington Heights, OH: less expensive homes
- Bellevue, KY: less expensive homes
- Deer Park, OH: less expensive homes
Cities with Similar Populations
- Alexandria, KY: higher priced homes
- Alpena, MI: less expensive homes
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- Angier, NC: higher priced homes
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- Ansonia, CT: higher priced homes
- Arcadia, FL: less expensive homes
- Ashland, MA: higher priced homes
- Asomante, PR: less expensive homes
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