Norwood, OH Housing

Norwood, OH is a great place to live with an affordable median housing value of $193,900. This is well below the US House Median Value of $338,100. Additionally, in Norwood, OH the house appreciation rate over the past year was 10.68%, which is higher than the US average of 8.27%. This means that real estate prices are increasing and this could potentially be a great investment opportunity for those looking to purchase a home in Norwood, OH.

The median home cost in Norwood is $193,900. Home appreciation the last 10 years has been 86.6%. Home Appreciation in Norwood is up 16.6%.

Average Age of Homes

- The median age of Norwood real estate is 78 years old

The Rental Market in Norwood

- Renters make up 45.0% of the Norwood population
- 1.7% 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Norwood, Ohio	United States
	9,635.0	139,647,020.0
	59	42
	$193,900	$338,100
	16.6%	16.6%
	58.9%	57.0%
	86.6%	101.1%
	$14.83	$10.98
	$2,412	$2,690
	37.7%	57.4%
	11.3%	11.2%
	50.9%	31.4%
Vacant Housing
	1.7%	1.9%
	0.0%	0.4%
	0.9%	0.7%
	0.2%	0.4%
	0.2%	3.6%
	8.3%	4.1%
Value of Owner-Occupied Housing
	1.0%	2.6%
	1.4%	2.4%
	3.2%	2.8%
	5.6%	3.9%
	12.5%	4.5%
	20.4%	11.3%
	17.1%	13.0%
	28.5%	20.1%
	7.9%	13.6%
	2.0%	8.3%
	0.2%	9.7%
	0.2%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	0.7%	13.6%
	0.7%	13.6%
	1.8%	13.6%
	1.5%	13.2%
	6.7%	14.8%
	1.8%	13.6%
	10.0%	10.0%
	7.7%	4.7%
	62.4%	12.2%