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 Type | 1% |
| One Bedroom | 16.60% |
| Two Bedrooms | 31.10% |
| Three Bedrooms | 34.30% |
| Four Bedrooms | 13% |
| Five Bedrooms or more | 4% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.7 |
| Median year structure was built | 1954 |
| Median Value of occupied units | $219,800 |
| Median Price asked for vacant units | $168,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.02 |
| Median year structure was built | 1964 |
| Median Monthly Rent asked for vacant units | $731 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.30% |
| Home Equity Loan | 8.90% |
| Simple Mortgage | 49.70% |
| Debt Free | 36.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.3% |
