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 $187,875, lower than the Pennsylvania average of $222,630.
The average cost of rent is $1,270/mo in Norwood, primarily driven by the current value of real estate in the Norwood area. While nearly 32.69% of residents own their homes outright in Norwood, 26.26% rent.
Housing affordability isn’t just about home prices, though. The average household income in Norwood is $7,479 per month. Households that rent pay about 16.99% of their income on rent here. Norwood's most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Prospect Park, PA: equally priced homes
- Folcroft, PA: less expensive homes
- Holmes, PA: higher priced homes
- Glenolden, PA: less expensive homes
- Ridley Park, PA: equally priced homes
- Essington, PA: less expensive homes
- Folsom, PA: higher priced homes
- Sharon Hill, PA: less expensive homes
- Rutledge, PA: higher priced homes
- Morton, PA: higher priced homes
Cities with Similar Populations
- Ocean View, NJ: higher priced homes
- Orofino, ID: higher priced homes
- Orleans, MA: higher priced homes
- Oregon, IL: less expensive homes
- Orchard Homes, MT: higher priced homes
- Orange Lake, NY: higher priced homes
- Oracle, AZ: higher priced homes
- Oologah, OK: equally priced homes
- Olalla, WA: higher priced homes
- Ojus, FL: higher priced homes
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