Norwood, Missouri has seen a significant increase in housing median value over the past year. The current median value of housing in Norwood is $184,500, which is significantly lower than the US House Median Value of $338,100. However, Norwood has seen a much larger appreciation rate than the US average at 16.70%, which is more than double the US 1 year House Appreciation rate of 8.27%. This shows that the housing market in Norwood is strong and growing faster than most other areas in the country.
The median home cost in Norwood is $184,500. Home appreciation the last 10 years has been 92.0%. Home Appreciation in Norwood is up 20.0%.
Average Age of Homes
- The median age of Norwood real estate is 40 years old
The Rental Market in Norwood
- Renters make up 55.2% 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.