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Norwood, OH Real Estate


According to census data in the year 2000 there were 10,040 housing units in Norwood. This represents a 2.1% decline from 10,260 in 1990.

Of those housing units, 10,040 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Norwood is about 51.8%. Norwood's vacancy rate, including seasonal lodging, is about 7.7%. Average household size is 2.31 people.

The majority of houses, apartments or condos in Norwood were built after 1939.

Statistics

Housing Size

Housing Units by Size
Studio Type2.20%
One Bedroom27.10%
Two Bedrooms31.10%
Three Bedrooms24.70%
Four Bedrooms10.40%
Five Bedrooms or more4.50%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.61
Median year structure was built1939
Median Value of occupied units$86,500
Median Price asked for vacant units$75,900

Rented Homes, Apartments and Condos

Average Household Size2
Median year structure was built1941
Median Monthly Rent asked for vacant units$409

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.50%
Second Mortgage12.50%
Home Equity Loan6.30%
Simple Mortgage53.20%
Debt Free27.50%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs18.9%