Norwood, OH Real Estate
According to census data in the year 2000 there were 10,040 housing units in Norwood.
This represents a 2.1% decline from 10,260 in 1990.
Of those housing units, 10,040 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 51.8%.
Norwood's vacancy rate, including seasonal lodging, is about 7.7%.
Average household size is 2.31 people.
The majority of houses, apartments or condos in Norwood were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.20% |
| One Bedroom | 27.10% |
| Two Bedrooms | 31.10% |
| Three Bedrooms | 24.70% |
| Four Bedrooms | 10.40% |
| Five Bedrooms or more | 4.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.61 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $86,500 |
| Median Price asked for vacant units | $75,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2 |
| Median year structure was built | 1941 |
| Median Monthly Rent asked for vacant units | $409 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 12.50% |
| Home Equity Loan | 6.30% |
| Simple Mortgage | 53.20% |
| Debt Free | 27.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.9% |
