Home prices
The price of the median home in Norwood is $96,700. It is approximately $27,460 (22%) lower in comparison to its surrounding areas.In comparison to the entire country it is approximately $120,800 (55%) lower, and in comparison to the city of Charlotte is about $123,600 (56%) lower.
Rents
In Norwood the median rent is $739 a month. It is is very similar compared to other places in this area.It is about $323 (30%) lower compared to the US as a whole, and in comparison to the city of Charlotte it is approximately $396 (34%) lower.
Nearby places
Mount Gilead
Mount Gilead is about 5 miles east from Norwood. The housing prices there are a little more expensive. The median home cost in Mount Gilead is $104,200, which works out to $7,500 (7%) higher than Norwood. Its rents are similar. In Mount Gilead the median rent is $725 a month, which is $14 (1%) lower than Norwood.
Ansonville
Ansonville is about 9 miles south of Norwood. Real estate prices there are somewhat less expensive. The value of the median home in Ansonville is $80,800, which is $15,900 (19%) lower than Norwood. The rent there is somewhat more expensive. In Ansonville the median rent is $822 a month, which works out to $83 (10%) higher than Norwood.
Albemarle
Albemarle is about 9 miles northwest of Norwood. Its real estate prices are somewhat more expensive. The median home in Albemarle costs $119,000, which comes out to $22,300 (18%) higher than Norwood. Rents there are a bit less expensive. Albemarle's median monthly rent is $682, which comes out to $57 (8%) lower than Norwood.
Oakboro
Oakboro is about 10 miles west from Norwood. Housing prices there are a lot more expensive. The median home in Oakboro costs $161,300, which comes out to $64,600 (40%) higher than Norwood. Its rents are somewhat more expensive. The median monthly rent in Oakboro is $846, which is $107 (12%) higher than Norwood.
Red Cross
Red Cross is roughly 12 miles west from Norwood. Its real estate prices are a lot more expensive. The cost of the median home in Red Cross is $155,500, which works out to $58,800 (37%) higher than Norwood. Rent there is a bit less expensive. The median rent in Red Cross is $631 per month, which is $108 (17%) lower than Norwood.
