Norwood, PA is an attractive place for potential home-buyers due to its median value of $247,600 being significantly lower than the US House Median Value of $338,100. Furthermore, over the past year Norwood’s appreciation rate of 11.01% has outpaced that of the nation as a whole which was 8.27%. Those two factors combined make Norwood an attractive option for people looking to purchase a house in Pennsylvania.
The median home cost in Norwood is $247,600. Home appreciation the last 10 years has been 64.0%. Home Appreciation in Norwood is up 12.4%.
Average Age of Homes
- The median age of Norwood real estate is 67 years old
The Rental Market in Norwood
- Renters make up 20.8% of the Norwood population
- 3.0% 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.