Housing in Norwood, MA is significantly more expensive than the national average. The median value of a home in Norwood is $616,400 compared to the US median value of $338,100. Not only are homes much more expensive here but they also appreciate at a faster rate. Over the past year, house values appreciated 8.56% in Norwood compared to 8.27% nationally. This makes investing in housing in Norwood an attractive option for buyers looking for a long-term investment with good potential returns.
The median home cost in Norwood is $616,400. Home appreciation the last 10 years has been 77.1%. Home Appreciation in Norwood is up 11.8%.
Average Age of Homes
- The median age of Norwood real estate is 58 years old
The Rental Market in Norwood
- Renters make up 41.2% of the Norwood population
- 1.7% of houses and apartments in Norwood, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.