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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 $101,493, lower than the Texas average of $322,096.
The average cost of rent is $641/mo in Norwood, primarily driven by the current value of real estate in the Norwood area. In Norwood, 24.20% of households rent, and 74.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Norwood is $4,530 per month. Households that rent pay about 14.16% of their income on rent here. Norwood’s most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Macune, TX: less expensive homes
- Chireno, TX: equally priced homes
- San Augustine, TX: equally priced homes
- Etoile, TX: equally priced homes
- Attoyac, TX: higher priced homes
- Fords Corner, TX: equally priced homes
- Bronson, TX: higher priced homes
- Rosevine, TX: higher priced homes
- Melrose, TX: higher priced homes
- Woden, TX: equally priced homes
Cities with Similar Populations
- Newry, SC: higher priced homes
- Rousculp, OH: higher priced homes
- Roseville, KY: higher priced homes
- Rose, ID: higher priced homes
- Roganville, TX: higher priced homes
- Rockford Bay, ID: higher priced homes
- Roberta, OK: higher priced homes
- Riverdale, SC: less expensive homes
- River Falls, SC: higher priced homes
- Reed Point, MT: higher priced homes
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