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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 7.90% |
| Two Bedrooms | 12.10% |
| Three Bedrooms | 36.40% |
| Four Bedrooms | 35% |
| 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
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.60% |
| Home Equity Loan | 12.50% |
| Simple Mortgage | 56.60% |
| Debt Free | 24.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 23.9% |
