Norwood, MA
Maps & Population Facts
Population
29,121
Population Density
2,806
Labor Participaton
70.7%
Bachelor's or Higher
46.8%
Median Household Income
$87,516
Median Individual Income
$48,226
Median Individual Income(Full-time Workers Only)
$65,273
Housing Estimates
Median House Value
$402,600
Median Gross Rent
$1,414
Median Mortgage Payment
$2,143
Housing Units
12,154
People who reside in Norwood live in:
Detached - Single Family Homes
48%
Apt, Condo, Other
52%
Analysis
Income
Households in Norwood earn significantly more money than the national median income, averaging 45% higher per household.
Housing
Norwood has a median house price of $402,600. The cost of homeownership is significantly higher than most areas. The cost of renting in Norwood is 40% more than the national average.
Percent | |
---|---|
Renter Occupied Households | 38% |
New Construction (Built after 2000) | 5% |
Demographics
The median age in Norwood is 41. Norwood has a population that is older than in comparison to the US median age.
Norwood ranks in the highest of the nation for having an educated population with more college graduates per resident than most areas.
Housing Data
Housing Comparison
Norwood | Massachusetts | USA | |
Median Property Value | 402,600 | 385,400 | 217,600 |
Median Mortgage Payment | 2,143 | 2,108 | 1,513 |
Median Gross Rent | 1,414 | 1,208 | 1,012 |
Property Vacancy | 3.3% | 10.0% | 12.6% |
% Renters | 42% | 38% | 36% |
Residents per Sq. Mi. | 2,806 | 885 | 93 |
Personal Comparison
Norwood | Massachusetts | USA | |
Median Household Income | 87,516 | 77,385 | 60,336 |
Median Individual Income | 48,226 | 41,700 | 33,646 |
Median Income (Full-Time) | 65,273 | 60,923 | 46,881 |
Median Age | 40.6 | 39.5 | 38.1 |
Labor Participation | 70.7% | 67.8% | 62.8% |
Attained College Degree | 46.8% | 43.4% | 32.0% |
Population Density Analysis
Norwood, MA
2,806
Residents per Sq. Mile
The population density of Norwood is comparable to that of a Small City.
Major City
10,000 Residents +
Mid-Sized City
5,000 Residents +
Small City
2,500 Residents +
Suburban
500 Residents +
Rural
100 Residents +
Remote
1 Residents +