Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Norwood Park area can be challenging. Home prices in Norwood Park are now at a median cost of $351,413, higher than the Chicago average of $290,679.
The average cost of rent is $1,293/mo in Norwood Park, primarily driven by the current value of real estate in the Norwood Park area. While nearly 36.37% of residents own their homes outright in Norwood Park, 20.31% rent.
Housing affordability isn’t just about home prices, though. The average household income in Norwood Park is $8,204 per month. Households that rent pay about 15.76% of their income on rent here. Norwood Park's most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the neighborhood.
Nearby Neighborhoods
- Colonial Gardens, Chicago, IL: less expensive homes
- Edison Park, Chicago, IL: higher priced homes
- Gladstone, Chicago, IL: equally priced homes
- Jefferson Park, Chicago, IL: equally priced homes
- O'Hare, Chicago, IL: less expensive homes
- Forest Glen, Chicago, IL: higher priced homes
- Dunning, Chicago, IL: less expensive homes
- Martin Luther, Chicago, IL: equally priced homes
- Pottage Park, Chicago, IL: less expensive homes
- Montrose, Chicago, IL: equally priced homes
Neighborhoods with Similar Populations
- Outer Sunset, San Francisco, CA: higher priced homes
- Northeast, Anaheim, CA: higher priced homes
- Northeast Colorado Springs, Colorado Springs, CO: equally priced homes
- Northside, Fort Worth, TX: less expensive homes
- Northwest, Reno, NV: higher priced homes
- Oak Cliff, Dallas, TX: equally priced homes
- Oak Lane, Philadelphia, PA: less expensive homes
- Oakland Gardens, Queens, NY: higher priced homes
- Ocean Hill, Brooklyn, NY: higher priced homes
- Old Brooklyn, Cleveland, OH: less expensive homes
All Local Stats
Home Services
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