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Norwood, NJ

Full City Profile · New Jersey · Bronx County County

3.8 /5.0
B+ Good
5,668 Population 2,032/sq mi density
$164,766 Median Income $64,002 per capita
$676,400 Home Value $872,831 Zillow
$2,446 Median Rent 37.1% income on rent
56°F Avg Temperature 275 sunny days/yr
17 Violent Crime/100K 327 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$164,766 median income, 0.7% unemployment
A
Affordability
4.4 / 5.0
$676,400 home value, $2,446/mo rent
F
Safety
1.0 / 5.0
17 violent crimes/100K
A+
Education
5.0 / 5.0
60.0% bachelor's degree or higher

Housing Overview

Median Home Value
$676,400
140% above
US avg: $281,900
Median Rent
$2,446/mo
110% above
US avg: $1,163/mo
Homeownership Rate
80.2%
23% above US avg (65.4%)
Total Housing Units
2,028
Median year built: 1969

Home Value by Source

Census Median
$676,400
Zillow (ZHVI)
$872,831
Median Sale Price
$850,000
Median List Price
$1,399,900
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

80.2%
Owner-Occupied
19.8%
Renter-Occupied
80%
20%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$1,599/mo
1 Bedroom
$1,759/mo
2 Bedroom
$2,132/mo
3 Bedroom
$2,658/mo
4 Bedroom
$3,005/mo
Census median rent: $2,446/mo

Market Indicators (Redfin)

Median Days on Market
86 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
3
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$400
Active Inventory
7
homes for sale

Affordability & Housing Stock

Rent Burden
37.1%
of renters spending 30%+ of income on housing
20% above US avg (31.0%)
Median Year Built
1969
Average age of housing stock: 57 years
Homeownership Rate
80.2%

Complete Housing Data

Home Values

Census Median Value$676,400
Zillow Home Value (ZHVI)$872,831
Median Sale Price$850,000
Median List Price$1,399,900
Price Per Sq Ft$400

Rent

Census Median Rent$2,446
FMR Studio$1,599
FMR 1-Bedroom$1,759
FMR 2-Bedroom$2,132
FMR 3-Bedroom$2,658
FMR 4-Bedroom$3,005

Market

Days on Market86
Sale-to-List Ratio1.0%
Price Drops0.0%
Homes Sold3
Active Inventory7
Price Per Sq Ft$400

Ownership & Stock

Owner-Occupied80.2%
Renter-Occupied19.8%
Homeownership Rate80.2%
Total Housing Units2,028
Median Year Built1969
Rent Burden37.1%