Norwood Housing Information - Census

IndexNorwoodMichiganNational
Median home price$216,700$127,800$184,700
Median rent asked$0$799$949
Avg. people per household4.42.52.6
Owner occupied households96.9%70.8%63.6%
Renter occupied households3.1%29.2%36.4%

Norwood Housing Information - Zillow

IndexNorwoodMichiganNational
Zillow home value indexn/a$132,300$196,500
Year over year appreciation raten/a7.91%6.79%
5 year average appreciation raten/a8.20%5.28%
10 year average appreciation raten/a-0.30%0.01%

Did you know?

  • The median home price in Norwood is 17% higher than the national average.
  • The median rent asked in Norwood is 100% lower than the national average.
  • The average number of people per household in Norwood is 68% higher than the national average.
  • The number of owner occupied households in Norwood is 52% higher than the national average.
  • The number of renter occupied households in Norwood is 91% lower than the national average.

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Compare Norwood, MI Housing To Other Cities

Vacancy vs occupancy levels

Vacancy status breakdown

Household statistics

Heating methods

Rent percent of household income

Inclusion of utilites in rent

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Bay Shore, MI873$0100%
East Jordan, MI2,335$71,60061%
Central Lake, MI1,018$77,60058%
Ellsworth, MI340$88,80052%
Charlevoix, MI2,522$166,50010%
Norwood, MI155$216,70017%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Adin, CA155$96,10048%
Goodrich, ND155$30,40084%
Sunny Side, GA155$66,70064%
Coatsburg, IL155$70,60062%
Reader, AR155$42,20077%
Norwood, MI155$216,70017%
Source: The Norwood, MI housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS) and Zillow data.