Norwood, NJ Real Estate

According to census data in the year 2000 there were 1,888 housing units in Norwood. This represents a 17.4% growth from 1,608 in 1990.

Of those housing units, 1,888 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 85.4%. Norwood's vacancy rate, including seasonal lodging, is about 1.6%. Average household size is 2.97 people.

The majority of houses, apartments or condos in Norwood were built after 1968.


Housing Size

Housing Units by Size
Studio Type0.40%
One Bedroom7.90%
Two Bedrooms12.10%
Three Bedrooms36.40%
Four Bedrooms35%
Five Bedrooms or more8.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.04
Median year structure was built1966
Median Value of occupied units$345,100
Median Price asked for vacant units$225,000

Rented Homes, Apartments and Condos

Average Household Size2.57
Median year structure was built1981

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.60%
Home Equity Loan12.50%
Simple Mortgage56.60%
Debt Free24.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs23.9%