Norwood, PA—19074
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Norwood, PA
As of Nov '25, the median home price in Norwood, PA is $284,000, with a year-over-year change of 2.8%. This indicates that home prices in Norwood, PA are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $284,000 | 2.8% |
| Single Family | $286,000 | 2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $230,000 | 4.1% |
3 Bed | $278,000 | 2.6% |
4 Bed | $310,000 | 1.6% |
| 5 Bed | $355,648 | 1.7% |
% of Housing Stock
Rental Trends — Norwood, PA
As of July '25, Rentcast reports the average rent in Norwood, PA is $1,400, with a year-over-year rent change of 2.9%. Per bedroom, the median rent as of July '25 in Norwood, PA is 1-bedrooms: $1,220, 2-bedrooms: $1,880, 3-bedrooms: $1,680. The most common rental property sizes in Norwood, PA are 2-bedroom and 1-bedroom, accounting for 42.2% and 34.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,280 | $1,400 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,220 | $1,220 |
| 2 Bed Rent | $1,450 | $1,880 |
| 3 Bed Rent | $1,680 | $1,680 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Norwood, PA
As of Nov '25, Realtor.com reports that the median days on market for a home in Norwood, PA is 18. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $290,000 | -14.0% |
Listing Count | 20 | -13.0% |
| Listings as % of Homes | 0.6% | -13.0% |
Days on Market | 18 | -4.0% |
Demographics — Norwood, PA
As of the latest ACS Survey released in 2023, Norwood, PA has a population of 5,920, which has remained stable by 0.4% over the past 5 years. Norwood, PA is a moderately popular place for families, as children make up 18.4% of the population. The area has a moderately educated workforce, with 26.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,920 | 0.4% |
% Under 18 | 18.4% | -8.9% |
% Seniors | 12.5% | 7.8% |
% WFH | 7.8% | 680.0% |
% w/ College Degree | 26.2% | 33.7% |
As of the latest ACS Survey released in 2023, Norwood, PA is a predominantly white area, with 87.4% of the population identifying as white. The white population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in Norwood, PA is hispanic, making up 5.4% of the population. Foreign-born residents account for 5.4% of the population in Norwood, PA, and this percentage has decreased by 6.9% 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 | 87.4% | -0.6% |
% Black | 1.0% | -41.2% |
% Hispanic | 5.4% | 200.0% |
% Asian | 4.6% | 0.0% |
% Foreign Born | 5.4% | -6.9% |
Mortgage and Risk — Norwood, PA
According to HUD data as of 2023, there were 101 mortgage originations in Norwood, PA, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Norwood, PA. Investor activity is low, as 2.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 101 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
Rentals and Section 8 — Norwood, PA
Norwood, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 28 |
Total Units Section 8 | 28 |
% Rentals under Section 8 | 4.8% |
% Occupied Section 8 | 76.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $110 | $1,220 | $1,330 |
| 2 Bedroom | $140 | $1,450 | $1,590 |
| 3 Bedroom | $240 | $1,680 | $1,920 |
| 4 Bedroom | N/A | N/A | $2,180 |
Affordability — Norwood, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $284,000 |
| Median Household Income | $89,100 |