Zip 02062 (Norwood, MA) Housing

The housing market in 02062 Norwood, MA is highly desirable and quite expensive. The median value of homes in the area is $602,900, which is much higher than the US house median value of $338,100. Additionally, the appreciation rate for homes over the course of one year is 8.56%, which is slightly above the national average of 8.27%. This shows that real estate prices in Norwood are increasing at a healthy rate, making it an attractive place to invest in property.

The median home cost in Norwood (zip 02062) is $602,900. Home appreciation the last 10 years has been 77.1%. Home Appreciation in Norwood (zip 02062) is up 11.8%.

Average Age of Homes

- The median age of Norwood (zip 02062) real estate is 58 years old

The Rental Market in Norwood (zip 02062)

- Renters make up 41.2% of the Norwood (zip 02062) population
- 1.7% of houses and apartments in Norwood (zip 02062), 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, Massachusetts	United States
	13,583.0	139,647,020.0
	60	42
	$602,900	$338,100
	11.8%	16.6%
	43.9%	57.0%
	77.1%	101.1%
	$10.10	$10.98
	$4,872	$2,690
	51.0%	57.4%
	4.3%	11.2%
	44.8%	31.4%
Vacant Housing
	1.7%	1.9%
	0.8%	0.4%
	0.6%	0.7%
	0.0%	0.4%
	0.1%	3.6%
	1.1%	4.1%
Value of Owner-Occupied Housing
	0.7%	2.6%
	0.4%	2.4%
	0.9%	2.8%
	0.3%	3.9%
	0.0%	4.5%
	0.4%	11.3%
	1.0%	13.0%
	5.0%	20.1%
	15.2%	13.6%
	31.8%	8.3%
	37.9%	9.7%
	4.7%	3.9%
	1.1%	2.2%
	0.2%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	5.7%	13.6%
	5.7%	13.6%
	7.7%	13.6%
	8.5%	13.2%
	12.2%	14.8%
	7.7%	13.6%
	19.1%	10.0%
	4.4%	4.7%
	24.7%	12.2%

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