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Norwood, MA
Full City Profile · Massachusetts · Norfolk County County
3.5
/5.0
B+
Good
31,380
Population
3,023/sq mi density
$97,110
Median Income
$59,668 per capita
$613,500
Home Value
$712,987 Zillow
$2,056
Median Rent
30.7% income on rent
52°F
Avg Temperature
246 sunny days/yr
161
Violent Crime/100K
737 property/100K
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.8 / 5.0
$97,110 median income, 2.5% unemployment
B
Affordability
3.1 / 5.0
$613,500 home value, $2,056/mo rent
F
Safety
1.0 / 5.0
161 violent crimes/100K
A+
Education
5.0 / 5.0
53.1% bachelor's degree or higher
Housing Overview
Median Home Value
$613,500
118% above
US avg: $281,900
Median Rent
$2,056/mo
77% above
US avg: $1,163/mo
Homeownership Rate
51.8%
21% below US avg (65.4%)
Total Housing Units
13,765
Median year built: 1961
Home Value by Source
Census Median
$613,500
Zillow (ZHVI)
$712,987
Median Sale Price
$675,000
Median List Price
$739,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
51.8%
Owner-Occupied
48.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,727/mo
1 Bedroom
$1,822/mo
2 Bedroom
$2,300/mo
3 Bedroom
$2,858/mo
4 Bedroom
$3,232/mo
Census median rent:
$2,056/mo
· Zillow rent:
$2,674/mo
Market Indicators (Redfin)
Median Days on Market
38 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
5
Price Drops
40.0%
of listings with price reduction
Price Per Sq Ft
$446
Active Inventory
10
homes for sale
Affordability & Housing Stock
Rent Burden
30.7%
of renters spending 30%+ of income on housing
1% below US avg (31.0%)
Median Year Built
1961
Average age of housing stock: 65 years
Homeownership Rate
51.8%
Complete Housing Data
Home Values
| Census Median Value | $613,500 |
| Zillow Home Value (ZHVI) | $712,987 |
| Median Sale Price | $675,000 |
| Median List Price | $739,000 |
| Price Per Sq Ft | $446 |
Rent
| Census Median Rent | $2,056 |
| Zillow Rent (ZORI) | $2,674 |
| FMR Studio | $1,727 |
| FMR 1-Bedroom | $1,822 |
| FMR 2-Bedroom | $2,300 |
| FMR 3-Bedroom | $2,858 |
| FMR 4-Bedroom | $3,232 |
Market
| Days on Market | 38 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 40.0% |
| Homes Sold | 5 |
| Active Inventory | 10 |
| Price Per Sq Ft | $446 |
Ownership & Stock
| Owner-Occupied | 51.8% |
| Renter-Occupied | 48.2% |
| Homeownership Rate | 51.8% |
| Total Housing Units | 13,765 |
| Median Year Built | 1961 |
| Rent Burden | 30.7% |