Norwood, MI Housing Statistics

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A+

23%

Med. Home Val. NAT. AVG.

100%

Rent NAT. AVG.

48%

Owner Occ. NAT. AVG.

Norwood Housing Information

Index	Norwood	Michigan	National
Median home price	$402,133	$235,809	$326,622
Median rent asked	$0	$1,222	$1,444
Avg. people per household	2.9	2.5	2.6
Owner occupied households	93.9%	70.8%	63.6%
Renter occupied households	6.1%	29.2%	36.4%

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Housing Quick Facts

The median home price in Norwood is 23% 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 11% higher than the national average.
The number of owner occupied households in Norwood is 48% higher than the national average.
The number of renter occupied households in Norwood is 83% lower than the national average.

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Nearby cities with low home prices

	Population	Home Price	National Avg.
Central Lake, MI	1,020	$157,041	52%
East Jordan, MI	2,184	$165,901	49%
Bay Shore, MI	747	$206,289	37%
Ellsworth, MI	347	$220,470	32%
Ironton, MI	116	$234,618	28%
Norwood, MI	161	$402,133	23%

Cities with similar population

	Population	Home Price	National Avg.
Waterville, IA	161	$147,253	55%
Thousand Island Park, NY	161	$486,954	49%
Lavina, MT	161	$151,046	54%
Mellott, IN	161	$134,400	59%
Aucilla, FL	161	$0	100%
Norwood, MI	161	$402,133	23%

Source: The Norwood, MI housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.