Norwood, NY is a great place to live with its median housing value of $125,200. This is significantly lower than the US House Median Value of $338,100 which creates an opportunity for potential buyers to purchase a home in Norwood at a far more affordable price. The 1 year House Appreciation rate for Norwood is also higher than the US rate at 9.27%, making it an even more attractive option for those looking to invest in real estate. This appreciation rate indicates that housing values are rising steadily in Norwood making it a great location to put down roots.
The median home cost in Norwood is $125,200. Home appreciation the last 10 years has been 30.9%. Home Appreciation in Norwood is up 11.4%.
Average Age of Homes
- The median age of Norwood real estate is 78 years old
The Rental Market in Norwood
- Renters make up 34.6% of the Norwood population
- 0.4% 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.