Norwood, PA Real Estate
According to census data in the year 2000 there were 2,363 housing units in Norwood.
This represents a 4.2% growth from 2,267 in 1990.
Of those housing units, 2,363 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 74.7%.
Norwood's vacancy rate, including seasonal lodging, is about 3.3%.
Average household size is 2.62 people.
The majority of houses, apartments or condos in Norwood were built after 1949.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.90% |
| One Bedroom | 16% |
| Two Bedrooms | 16.40% |
| Three Bedrooms | 46.60% |
| Four Bedrooms | 16.50% |
| Five Bedrooms or more | 3.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.99 |
| Median year structure was built | 1947 |
| Median Value of occupied units | $99,000 |
| Median Price asked for vacant units | $87,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.5 |
| Median year structure was built | 1959 |
| Median Monthly Rent asked for vacant units | $488 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6% |
| Home Equity Loan | 10.70% |
| Simple Mortgage | 53.80% |
| Debt Free | 29.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.7% |
