Norwood, NC has seen a rapid increase in housing median value over the past year, with an 18.96% appreciation rate compared to the 8.27% national average. This is indicative of a strong and growing local real estate market with homes in Norwood having a median value of $227,900, significantly less than the US median value of $338,100. With its rising house values and vibrant local economy, Norwood is quickly becoming an attractive option for prospective homebuyers looking for quality housing at an affordable price.
The median home cost in Norwood is $227,900. Home appreciation the last 10 years has been 120.1%. Home Appreciation in Norwood is up 25.0%.
Average Age of Homes
- The median age of Norwood real estate is 48 years old
The Rental Market in Norwood
- Renters make up 21.6% of the Norwood population
- 0.0% of houses and apartments in Norwood, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.