The housing market in Norwood township, MI is thriving, with the median value of a home at $343,700 compared to the US median house value of $338,100. In addition to that, the one-year house appreciation rate for homes in Norwood township was 16.52%, much higher than the national figure of 8.27%. This demonstrates that Norwood township is an attractive option for potential homeowners and those looking to invest in property in this area.
The median home cost in Norwood township is $343,700. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Norwood township is up 21.4%.
Average Age of Homes
- The median age of Norwood township real estate is 36 years old
The Rental Market in Norwood township
- Renters make up 6.0% of the Norwood township population
- 0.0% of houses and apartments in Norwood township, 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.