Home prices
The median home value in Norwood is $626,700. It is about $226,520 (26%) lower compared to nearby areas.Compared to the entire country it is about $409,200 (188%) higher, and in comparison to the city of New York it is roughly $20,700 (3%) higher.
Rents
In Norwood the median rent is $1,851 per month. In comparison to its surrounding areas this is roughly $68 (3%) lower.Compared to the US as a whole it is roughly $789 (74%) higher, and compared to the city of New York it is roughly $408 (28%) higher.
Nearby places
Rockleigh
Rockleigh is Norwood's neighbor to the northeast. Its housing prices are substantially more expensive. The median home cost in Rockleigh is $1,737,500, which is $1,110,800 (63%) higher than Norwood. Its rents are significantly less expensive. Rockleigh's median rent is $1,125 a month, which is $726 (64%) lower than Norwood.
Northvale
Northvale is Norwood's neighbor to the north. The housing prices there are substantially less expensive. The median home price in Northvale is $463,100, which is $163,600 (35%) lower than Norwood. Rents there are a bit less expensive. In Northvale the median rent is $1,614 a month, which comes out to $237 (14%) lower than Norwood.
Harrington Park
Harrington Park is Norwood's neighbor to the west. The real estate prices there are pretty similar. The median home in Harrington Park costs $601,200, which is $25,500 (4%) lower than Norwood. Its rents are a bit more expensive. The median monthly rent in Harrington Park is $2,514, which works out to $663 (26%) higher than Norwood.
Closter
Closter is Norwood's neighbor to the south. Its housing prices are a bit more expensive. The median home in Closter costs $674,000, which is $47,300 (7%) higher than Norwood. Rent there is somewhat more expensive. The median rent in Closter is $2,188 a month, which is $337 (15%) higher than Norwood.
Old Tappan
Old Tappan is Norwood's neighbor to the northwest. Housing prices there are a bit more expensive. Old Tappan's median home price is $790,300, which is $163,600 (20%) higher than Norwood. Rents there are a little more expensive. In Old Tappan the median rent is $2,154 a month, which works out to $303 (14%) higher than Norwood.
