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Norwood, MA Real Estate


According to census data in the year 2000 there were 11,945 housing units in Norwood. This represents a 3.1% growth from 11,584 in 1990.

Of those housing units, 11,871 were located in either urbanized areas or urban clusters, and 74 were located in what is classified as a rural area.

Homeownership rate in Norwood is about 57.2%. Norwood's vacancy rate, including seasonal lodging, is about 2.7%. Average household size is 2.41 people.

The majority of houses, apartments or condos in Norwood were built after 1957.

Statistics

Housing Size

Housing Units by Size
Studio Type1%
One Bedroom16.60%
Two Bedrooms31.10%
Three Bedrooms34.30%
Four Bedrooms13%
Five Bedrooms or more4%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.7
Median year structure was built1954
Median Value of occupied units$219,800
Median Price asked for vacant units$168,800

Rented Homes, Apartments and Condos

Average Household Size2.02
Median year structure was built1964
Median Monthly Rent asked for vacant units$731

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.30%
Home Equity Loan8.90%
Simple Mortgage49.70%
Debt Free36.10%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs18.3%