Norwood, NY—13668
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Norwood, NY
As of Oct '25, the median home price in Norwood, NY is $138,000, with a year-over-year change of 7.8%. This indicates that home prices in Norwood, NY are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $138,000 | 7.8% |
| Single Family | $138,000 | 7.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $116,000 | 4.5% |
3 Bed | $145,000 | 9.8% |
4 Bed | $154,000 | 8.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Norwood, NY
As of July '25, Rentcast reports the average rent in Norwood, NY is $1,550, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Norwood, NY is 1-bedrooms: $990, 2-bedrooms: $1,550, 4-bedrooms: $2,100. The most common rental property sizes in Norwood, NY are 1-bedroom and 2-bedroom, accounting for 49.0% and 29.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,550 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $990 | $990 |
| 2 Bed Rent | $1,550 | $1,550 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,100 | $2,100 |
% of Rental Stock
Property Listings — Norwood, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Norwood, NY is 112. This is a increase of 50.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $114,000 | -36.0% |
Listing Count | 18 | 70.0% |
| Listings as % of Homes | 0.9% | 70.0% |
Days on Market | 112 | 50.0% |
Demographics — Norwood, NY
As of the latest ACS Survey released in 2023, Norwood, NY has a population of 3,310, which has remained stable by 0.7% over the past 5 years. Norwood, NY is a moderately popular place for families, as children make up 22.5% of the population. The area has a poorly educated workforce, with 23.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,310 | 0.7% |
% Under 18 | 22.5% | 3.7% |
% Seniors | 20.2% | 11.0% |
% WFH | 1.9% | 72.7% |
% w/ College Degree | 23.6% | 4.0% |
As of the latest ACS Survey released in 2023, Norwood, NY is a predominantly white area, with 95.2% of the population identifying as white. The white population has shrunk by 0.7% in the last 5 years. The second most common race or ethnicity in Norwood, NY is hispanic, making up 2.4% of the population. Foreign-born residents account for 1.3% of the population in Norwood, NY, and this percentage has decreased by 27.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.2% | -0.7% |
% Black | 0.8% | 33.3% |
% Hispanic | 2.4% | 1,100.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.3% | -27.8% |
Mortgage and Risk — Norwood, NY
According to HUD data as of 2023, there were 28 mortgage originations in Norwood, NY, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Norwood, NY. Investor activity is low, as 0.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 28 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 0.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Norwood, NY
Norwood, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 42 |
Total Units Section 8 | 42 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$80 | $990 | $910 |
| 2 Bedroom | -$380 | $1,550 | $1,170 |
| 3 Bedroom | N/A | N/A | $1,410 |
| 4 Bedroom | -$550 | $2,100 | $1,550 |
Affordability — Norwood, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.5 |
| Median Home Price | $138,000 |
| Median Household Income | $78,300 |