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 $135,364, lower than the Virginia average of $323,261.
The average cost of rent is $818/mo in Norwood, primarily driven by the current value of real estate in the Norwood area. While nearly 44.86% of residents own their homes outright in Norwood, 13.80% rent.
Housing affordability isn’t just about home prices, though. The average household income in Norwood is $4,563 per month. Households that rent pay about 17.92% of their income on rent here. Norwood's most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Red Apple Orchard, VA: equally priced homes
- Arrington, VA: higher priced homes
- Shipman, VA: higher priced homes
- Tye River, VA: higher priced homes
- Colleen, VA: higher priced homes
- Wingina, VA: equally priced homes
- Yogaville, VA: less expensive homes
- Caskie, VA: equally priced homes
- Gladstone, VA: equally priced homes
- Warminster, VA: equally priced homes
Cities with Similar Populations
- Wayside, TX: higher priced homes
- Cora, MO: equally priced homes
- Coreys, NY: higher priced homes
- Corinth, VA: higher priced homes
- Corona, AL: equally priced homes
- Cotula, TN: less expensive homes
- Coupon, PA: equally priced homes
- Crystal Falls, TX: higher priced homes
- Cullison, KS: less expensive homes
- Culver, KS: higher priced homes
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