Much like its surrounding areas, it's a lot less expensive compared to the country as a whole. Compared to the city of Peoria however, it's a bit less expensive.
Home prices
The median home price in Norwood is $98,900. This is is very similar in comparison to its nearby areas.Compared to the United States as a whole it is approximately $118,600 (54%) lower, and compared to the city of Peoria it is approximately $26,800 (21%) lower.
Rents
In Norwood the median monthly rent is $980. In comparison to other places in this area it is roughly $266 (37%) higher.It is roughly $82 (7%) lower in comparison to the entire nation, and it is roughly $174 (21%) higher compared to the city of Peoria.
Nearby places
Bellevue
Bellevue is about 1 mile southeast from Norwood. Real estate prices there are a little less expensive. Bellevue's median home cost is $82,000, which works out to $16,900 (20%) lower than Norwood. The rent there is substantially less expensive. In Bellevue the median rent is $647 per month, which comes out to $333 (51%) lower than Norwood.
West Peoria
West Peoria is roughly 2 miles east of Norwood. Housing prices there are a little less expensive. The price of the median home in West Peoria is $88,700, which works out to $10,200 (11%) lower than Norwood. The rent there is a little less expensive. In West Peoria the median rent is $756 a month, which comes out to $224 (29%) lower than Norwood.
Hanna City
Hanna City is about 4 miles west of Norwood. Real estate prices there are somewhat more expensive. The value of the median home in Hanna City is $133,900, which works out to $35,000 (26%) higher than Norwood. Its rents are substantially less expensive. The median rent in Hanna City is $678 per month, which comes out to $302 (44%) lower than Norwood.
Bartonville
Bartonville is about 4 miles south from Norwood. The housing prices there are somewhat more expensive. Bartonville's median home price is $109,800, which is $10,900 (9%) higher than Norwood. Rents there are somewhat less expensive. Bartonville's median monthly rent is $865, which works out to $115 (13%) lower than Norwood.
Creve Coeur
Creve Coeur is roughly 6 miles southeast of Norwood. Its housing prices are a little less expensive. The cost of the median home in Creve Coeur is $82,400, which comes out to $16,500 (20%) lower than Norwood. Its rents are significantly less expensive. The median rent in Creve Coeur is $622 per month, which is $358 (57%) lower than Norwood.
