Norwood, MI is a great place to live with a median housing value of $236,400. This is substantially lower than the US House Median Value of $338,100. Although the US has seen an appreciation rate of 8.27% in the past year, Norwood has seen an even higher appreciation rate of 16.52%. This should make Norwood an attractive option for anyone looking to buy or invest in housing.
The median home cost in Norwood is $236,400. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Norwood is up 21.4%.
Average Age of Homes
- The median age of Norwood real estate is 39 years old
The Rental Market in Norwood
- Renters make up 2.4% 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.