Norwood, NC Real Estate
According to census data in the year 2000 there were 1,038 housing units in Norwood.
This represents a 52.9% growth from 679 in 1990.
Of those housing units, 1,028 were located in either urbanized areas or urban clusters, and 10 were located in what is classified as a rural area.
Homeownership rate in Norwood is about 72.2%.
Norwood's vacancy rate, including seasonal lodging, is about 15.1%.
Average household size is 2.46 people.
The majority of houses, apartments or condos in Norwood were built after 1961.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.10% |
| One Bedroom | 4.40% |
| Two Bedrooms | 37.60% |
| Three Bedrooms | 47.90% |
| Four Bedrooms | 8% |
| Five Bedrooms or more | 2% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.37 |
| Median year structure was built | 1962 |
| Median Value of occupied units | $71,600 |
| Median Price asked for vacant units | $53,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.69 |
| Median year structure was built | 1958 |
| Median Monthly Rent asked for vacant units | $313 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.40% |
| Home Equity Loan | 11.90% |
| Simple Mortgage | 35.90% |
| Debt Free | 44.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.4% |
