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Norwood, MI
Full City Profile · Michigan · Antrim County County
3.7
/5.0
B+
Good
123
Population
61/sq mi density
$72,500
Median Income
$38,837 per capita
$266,100
Home Value
$420,579 Zillow
46°F
Avg Temperature
270 sunny days/yr
197
Violent Crime/100K
5,039 property/100K
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.3 / 5.0
$72,500 median income, 0.0% unemployment
A+
Affordability
4.6 / 5.0
$266,100 home value, /mo rent
F
Safety
1.0 / 5.0
197 violent crimes/100K
A+
Education
4.7 / 5.0
46.3% bachelor's degree or higher
Housing Overview
Median Home Value
$266,100
6% below
US avg: $281,900
Homeownership Rate
94.4%
44% above US avg (65.4%)
Total Housing Units
121
Median year built: 1973
Home Value by Source
Census Median
$266,100
Zillow (ZHVI)
$420,579
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
94.4%
Owner-Occupied
5.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Affordability & Housing Stock
Rent Burden
24.5%
of renters spending 30%+ of income on housing
21% below US avg (31.0%)
Median Year Built
1973
Average age of housing stock: 53 years
Homeownership Rate
94.4%
Complete Housing Data
Home Values
| Census Median Value | $266,100 |
| Zillow Home Value (ZHVI) | $420,579 |
Rent
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
Ownership & Stock
| Owner-Occupied | 94.4% |
| Renter-Occupied | 5.6% |
| Homeownership Rate | 94.4% |
| Total Housing Units | 121 |
| Median Year Built | 1973 |
| Rent Burden | 24.5% |