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
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 Market | 86 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 0.0% |
| Homes Sold | 3 |
| Active Inventory | 7 |
| Price Per Sq Ft | $400 |
Ownership & Stock
| Owner-Occupied | 80.2% |
| Renter-Occupied | 19.8% |
| Homeownership Rate | 80.2% |
| Total Housing Units | 2,028 |
| Median Year Built | 1969 |
| Rent Burden | 37.1% |
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