View in Interactive Map

Norwood, PA—19074

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$284,000
2.8% YoY Growth
Household Income
$89,100
15.7% YoY Growth
Days on Market
61
19.0% Longer YoY
Home Price Forecast
1.5%
Median Rent
$1,280
2.9% YoY Growth
1-Bed Rent
$1,220
0.8% YoY Growth
2-Bed Rent
$1,450
0.0% YoY Growth
3-Bed Rent
$1,680
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Norwood, PA

As of Dec '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 TypeMedian Home ValueYoY % Change
All Homes
$284,0002.8%
Single Family $286,0002.1%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$230,0004.1%
    3 Bed
    		$278,0002.6%
    4 Bed
    		$310,0001.6%
    5 Bed $355,6481.7%
    Loading chart...

    % of Housing Stock

    Studio
    0.4%
    1 Bedroom
    12.4%
    2 Bedrooms
    16.7%
    3 Bedrooms
    46.7%
    4 Bedrooms
    21.2%
    5+ Bedrooms
    2.6%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,280$1,400
    Studio Rent N/AN/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/AN/A
    Loading chart...

    % of Rental Stock

    1 Bedroom
    34.8%
    2 Bedrooms
    42.2%
    3 Bedrooms
    20.2%
    4 Bedrooms
    2.8%

    Property Listings — Norwood, PA

    As of Dec '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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$289,000-14.0%
    Listing Count
    		10-17.0%
    Listings as % of Homes0.6%-17.0%
    Days on Market
    		6119.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % Change
    Population
    		5,9200.4%
    % Under 18
    		18.4%-8.9%
    % Seniors
    		12.5%7.8%
    % WFH
    		7.8%680.0%
    % w/ College Degree
    		26.2%33.7%
    Loading chart...

    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

    MetricLatest Census5-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%
    Loading chart...

    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

    MetricZip 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%
    Loading chart...
    Loading chart...

    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$110$1,220$1,330
    2 Bedroom$140$1,450$1,590
    3 Bedroom$240$1,680$1,920
    4 BedroomN/AN/A$2,180

    Affordability — Norwood, PA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.8
    Median Home Price$284,000
    Median Household Income$89,100

    Norwood, PA — ZIP Code Boundary Map

    Loading map...

    Nearby ZIP Codes

    Prospect Park, PA

    19076

    Glenolden, PA

    19036

    Holmes, PA

    19043

    Folcroft, PA

    19032

    Essington, PA

    19029

    Frequently Asked Questions