Norwood, New York, NY—10467
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Norwood, New York, NY
As of Oct '25, the median home price in Norwood, New York, NY is $407,000, with a year-over-year change of 1.8%. This indicates that home prices in Norwood, New York, NY are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $407,000 | 1.8% |
| Single Family | $670,000 | 3.7% |
| Condos | $234,000 | 14.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $226,000 | 11.9% |
2 Bed | $300,000 | 4.9% |
3 Bed | $683,000 | -2.3% |
4 Bed | $717,000 | 5.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Norwood, New York, NY
As of July '25, Rentcast reports the average rent in Norwood, New York, NY is $2,790, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Norwood, New York, NY is studios: $2,500, 1-bedrooms: $1,620, 2-bedrooms: $2,610, 3-bedrooms: $3,490, 4-bedrooms: $3,750. The most common rental property sizes in Norwood, New York, NY are 1-bedroom and 2-bedroom, accounting for 43.7% and 34.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,780 | $2,790 |
| Studio Rent | $2,500 | $2,500 |
| 1 Bed Rent | $1,650 | $1,620 |
| 2 Bed Rent | $2,650 | $2,610 |
| 3 Bed Rent | $3,500 | $3,490 |
| 4 Bed Rent | $3,750 | $3,750 |
% of Rental Stock
Property Listings — Norwood, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Norwood, New York, NY is 99. This is a increase of 3.0% 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 3.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $187,000 | 13.0% |
Listing Count | 73 | 33.0% |
| Listings as % of Homes | 0.2% | 33.0% |
Days on Market | 99 | 3.0% |
Demographics — Norwood, New York, NY
As of the latest ACS Survey released in 2023, Norwood, New York, NY has a population of 96,300, which has decreased by -7.2% over the past 5 years. Norwood, New York, NY is a moderately popular place for families, as children make up 23.6% of the population. The area has a poorly educated workforce, with 22.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 96,300 | -7.2% |
% Under 18 | 23.6% | -7.8% |
% Seniors | 12.9% | 17.3% |
% WFH | 6.8% | 126.7% |
% w/ College Degree | 22.0% | 14.6% |
As of the latest ACS Survey released in 2023, Norwood, New York, NY is a predominantly hispanic area, with 53.5% of the population identifying as hispanic. The hispanic population has grown by 2.3% in the last 5 years. The second most common race or ethnicity in Norwood, New York, NY is black, making up 31.0% of the population. Foreign-born residents account for 39.5% of the population in Norwood, New York, NY, and this percentage has increased by 5.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 8.7% | -7.4% |
% Black | 31.0% | -12.2% |
% Hispanic | 53.5% | 2.3% |
% Asian | 6.5% | 12.1% |
% Foreign Born | 39.5% | 5.6% |
Mortgage and Risk — Norwood, New York, NY
According to HUD data as of 2023, there were 121 mortgage originations in Norwood, New York, NY, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Norwood, New York, NY. Investor activity is low, as 14.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 121 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 14.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Norwood, New York, NY
As of 2024, the percent of homes in Norwood, New York, NY under the Section 8 program is 14.2%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Norwood, New York, NY, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 6,939 |
Total Units Section 8 | 4,746 |
% Rentals under Section 8 | 14.2% |
% Occupied Section 8 | 86.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $650 | $1,650 | $2,300 |
| 2 Bedroom | -$100 | $2,650 | $2,550 |
| 3 Bedroom | -$320 | $3,500 | $3,180 |
| 4 Bedroom | -$320 | $3,750 | $3,430 |
Affordability — Norwood, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.4 |
| Median Home Price | $407,000 |
| Median Household Income | $47,800 |