Norwood, OH 45212 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Norwood, OH—45212

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$246,000

0.9% YoY Growth

Household Income

$63,700

42.3% YoY Growth

Days on Market

14.0% Longer YoY

Home Price Forecast

2.1%

Median Rent

$1,050

4.5% YoY Growth

1-Bed Rent

$995

5.5% YoY Growth

2-Bed Rent

$1,200

3.9% YoY Growth

3-Bed Rent

$1,800

2.1% YoY Growth

Home Price Trends — Norwood, OH

As of Dec '25, the median home price in Norwood, OH is $246,000, with a year-over-year change of 0.9%. This indicates that home prices in Norwood, OH are flat. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$246,000	0.9%
Single Family	$246,000	0.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Norwood, OH

As of July '25, Rentcast reports the average rent in Norwood, OH is $1,270, with a year-over-year rent change of -4.5%. Per bedroom, the median rent as of July '25 in Norwood, OH is studios: $931, 1-bedrooms: $1,010, 2-bedrooms: $1,330, 3-bedrooms: $1,850, 4-bedrooms: $2,330. The most common rental property sizes in Norwood, OH are 1-bedroom and 2-bedroom, accounting for 45.8% and 29.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,050	$1,270
Studio Rent	$695	$931
1 Bed Rent	$995	$1,010
2 Bed Rent	$1,200	$1,330
3 Bed Rent	$1,800	$1,850
4 Bed Rent	$2,400	$2,330

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% of Rental Stock

Studio

6.8%

1 Bedroom

45.8%

2 Bedrooms

29.1%

3 Bedrooms

11.9%

4 Bedrooms

3.9%

5+ Bedrooms

2.5%

Property Listings — Norwood, OH

As of Dec '25, Realtor.com reports that the median days on market for a home in Norwood, OH is 43. This is a increase of 5.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$276,000	4.0%
Listing Count	60	11.0%
Listings as % of Homes	0.2%	11.0%
Days on Market	68	14.0%

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Demographics — Norwood, OH

As of the latest ACS Survey released in 2023, Norwood, OH has a population of 21,000, which has decreased by -6.8% over the past 5 years. Norwood, OH is a moderately popular place for families, as children make up 18.7% of the population. The area has a moderately educated workforce, with 38.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	21,000	-6.8%
% Under 18	18.7%	0.5%
% Seniors	12.3%	20.6%
% WFH	14.8%	393.3%
% w/ College Degree	38.2%	19.0%

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As of the latest ACS Survey released in 2023, Norwood, OH is a predominantly white area, with 72.6% of the population identifying as white. The white population has shrunk by 7.3% in the last 5 years. The second most common race or ethnicity in Norwood, OH is black, making up 15.6% of the population. Foreign-born residents account for 4.8% of the population in Norwood, OH, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	72.6%	-7.3%
% Black	15.6%	12.2%
% Hispanic	7.5%	114.3%
% Asian	1.0%	11.1%
% Foreign Born	4.8%	0.0%

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Mortgage and Risk — Norwood, OH

According to HUD data as of 2023, there were 379 mortgage originations in Norwood, OH, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Norwood, OH. Investor activity is low, as 7.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	379
% Conventional Loans	89.0%
% Government Loans	11.0%
% Investor Loans	7.0%
% Second Loans	1.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Norwood, OH

As of 2024, the percent of homes in Norwood, OH under the Section 8 program is 4.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Norwood, OH, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	271
Total Units Section 8	240
% Rentals under Section 8	4.7%
% Occupied Section 8	87.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$35	$995	$960
2 Bedroom	$40	$1,200	$1,240
3 Bedroom	-$160	$1,800	$1,640
4 Bedroom	-$580	$2,400	$1,820

Norwood, OH—45212

Key Metrics at a Glance

Home Price Trends — Norwood, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Norwood, OH

% of Rental Stock

Property Listings — Norwood, OH

Demographics — Norwood, OH

Race and Ethnicity

Mortgage and Risk — Norwood, OH

Mortgages

Rentals and Section 8 — Norwood, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Norwood, OH

Home Price to Income Ratio

Norwood, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Oakley, Cincinnati, OH

Bond Hill, Cincinnati, OH

Evanston, Cincinnati, OH

Hyde Park, Cincinnati, OH

Avondale, Cincinnati, OH

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.3
Median Home Price	$246,000
Median Household Income	$63,700

Norwood, OH—45212

Key Metrics at a Glance

Home Price Trends — Norwood, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Norwood, OH

% of Rental Stock

Property Listings — Norwood, OH

Demographics — Norwood, OH

Race and Ethnicity

Mortgage and Risk — Norwood, OH

Mortgages

Rentals and Section 8 — Norwood, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Norwood, OH

Home Price to Income Ratio

Norwood, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Oakley, Cincinnati, OH

Bond Hill, Cincinnati, OH

Evanston, Cincinnati, OH

Hyde Park, Cincinnati, OH

Avondale, Cincinnati, OH

Frequently Asked Questions

What is the average home price in Norwood, OH 45212?

How have home prices in Norwood, OH 45212 changed over the past year?

What is the home price projection for Norwood, OH 45212?

What are the demographics of Norwood, OH 45212?

How long does it take homes to sell in Norwood, OH 45212?

What is the average rent price in Norwood, OH 45212?