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 Units by Size|
|Five Bedrooms or more||8.20%|
Owned Homes, Apartments and Condos
|Average Household Size||3.04|
|Median year structure was built||1966|
|Median Value of occupied units||$345,100|
|Median Price asked for vacant units||$225,000|
Rented Homes, Apartments and Condos
|Average Household Size||2.57|
|Median year structure was built||1981|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||12.50%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||23.9%|