Norwood, IL is a great place to live when it comes to housing. The median value of a house in Norwood is $91,100, which is much lower than the national median value of $338,100. Additionally, over the past year, the housing appreciation rate has been 11.29%, which is much higher than the national average of 8.27%. This makes Norwood an attractive option for anyone looking for affordable housing with good potential for appreciation.
The median home cost in Norwood is $91,100. Home appreciation the last 10 years has been 25.3%. Home Appreciation in Norwood is up 13.3%.
Average Age of Homes
- The median age of Norwood real estate is 62 years old
The Rental Market in Norwood
- Renters make up 8.2% of the Norwood population
- 0.0% 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.