Zip 70761 (Norwood, LA) Housing

Housing in the 70761 Norwood, LA area has been appreciating at a rapid rate compared to the US average. The median house value in this area is $147,400 which is considerably lower than the US median of $338,100. However, the 1 year appreciation rate of 13.15% is significantly higher than the US 1 year appreciation rate of 8.27%. This shows that housing value in Norwood is increasing quickly and could be a great investment opportunity for buyers who can take advantage of these low prices before values increase even more.

The median home cost in Norwood (zip 70761) is $147,400. Home appreciation the last 10 years has been 51.4%. Home Appreciation in Norwood (zip 70761) is up 13.2%.

Average Age of Homes

- The median age of Norwood (zip 70761) real estate is 39 years old

The Rental Market in Norwood (zip 70761)

- Renters make up 19.0% of the Norwood (zip 70761) population
- 0.0% of houses and apartments in Norwood (zip 70761), 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, Louisiana	United States
	415.0	139,647,020.0
	39	42
	$147,400	$338,100
	13.2%	16.6%
	30.9%	57.0%
	51.4%	101.1%
	$2.13	$10.98
	$199	$2,690
	45.3%	57.4%
	42.2%	11.2%
	12.5%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	5.3%	0.4%
	31.6%	3.6%
	5.3%	4.1%
Value of Owner-Occupied Housing
	16.5%	2.6%
	0.5%	2.4%
	1.1%	2.8%
	6.9%	3.9%
	16.0%	4.5%
	10.1%	11.3%
	8.5%	13.0%
	22.3%	20.1%
	3.2%	13.6%
	5.9%	8.3%
	0.0%	9.7%
	3.7%	3.9%
	5.3%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	9.4%	13.6%
	9.4%	13.6%
	9.9%	13.6%
	20.5%	13.2%
	28.0%	14.8%
	9.9%	13.6%
	12.5%	10.0%
	1.4%	4.7%
	3.6%	12.2%

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