Housing costs in Norwood?
A typical home costs
$193,900, which is 42.7% less expensive than the national average of
$338,100 and 1.6% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Norwood costs
$1,040 per month, which is 27.3% cheaper than the national average of
$1,430 and 5.8% more than the state average of
$980.
Can I afford Norwood?
To live comfortably in Norwood, Ohio, a minimum annual income of
$37,080 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Norwood?
The cost of living in Norwood, OH is relatively affordable compared to the rest of the state and nation. The median home price is $133,500 according to Zillow, which is significantly lower than the national median of $226,300. Additionally, rental rates are quite low with a one-bedroom apartment averaging around $750 per month. Taxes are also reasonable with an overall tax rate of 8.21%. With these factors combined, it’s no surprise that many people choose to live in Norwood as it offers an excellent quality of life without breaking the bank.