Norwood, MA has a population of 29,121, while the median age is 41. The household income in Norwood, MA is around $87,516. The homeownership rate among the residents is 58%. The median residential property value in Norwood, MA that you should keep in mind is $402,600.
Population | 29,121 |
Median Age | 40.6 |
Poverty Rate | 8% |
Household Income | $87,516 |
Number Of Employees | 16,223 |
Median Property Value | $402,600 |
Rent Price | Dec | vs Last Month |
---|---|---|
1-bed apartments | $1,913 | +1.3% |
2-bed apartments | $2,252 | +5.2% |
3-bed apartments | $2,924 | +6.1% |
4+ bed apartments | $2,221 | -41.1% |
Over the Dec 2022, the average rent for an apartment in/near Norwood, MA decreased by 0.9% to $2,231.
The average price for a rental studio in Norwood, MA has remained the same as last month and equals $2,000. Breaking it down in details, we now see that the average price for 1-bed apartment increased by 1.3% to $1,913. Pricing for 2-bed apartment also increased by 5.2% and a place of this size will now cost you $2,252. 3-bed apartment rent pricing starts at $2,924, it increased by 6.1% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 41.1% and made it down to $2,221.
Rent Type Price | Dec | vs Last Month |
---|---|---|
Apartments for rent | $2,200 | -1.6% |
Houses for rent | $2,933 | +1.8% |
The median rent for an apartment in Norwood, MA decreased by 1.6% to $2,200. Statistics show that house rent price increased by 1.8% this month making it up to $2,933. Condo for rent is now available for the same pricing as previously — $2,550. The median rent for a loft did not face significant changes this time, it now still goes for $1,450.