Norwood, OH housing market
The typical Norwood home is worth about $249,000, down 1.2% in a year, close to the Ohio typical home. Homes typically sell in 39 days, a little above asking.
Home values, sales, trends and how Norwood compares with the towns next door — updated as new data is published.
Norwood at a glance
A seller's market
Supply is tight — about 2.9 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Norwood | Ohio |
|---|---|---|
| 2017 | $128,000 | $133,000 |
| 2018 | $135,000 | $141,000 |
| 2019 | $147,000 | $150,000 |
| 2020 | $158,000 | $158,000 |
| 2021 | $185,000 | $178,000 |
| 2022 | $202,000 | $195,000 |
| 2023 | $215,000 | $211,000 |
| 2024 | $239,000 | $224,000 |
| 2025 | $250,000 | $237,000 |
| 2026 | $251,000 | $245,000 |
| August 2026 | $249,000 | $249,000 |
No new homes permitted in 2025
No permits for new homes were issued in Norwood in 2025. The last year with any was 2024 (128 new homes).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Norwood's population fell by 164 even though 481 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Ohio: 1.3 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 32 | 0 | 32 | $3.1 million |
| 2025 | 0 | 0 | 0 | — |
| 2024 | 128 | 0 | 128 | $12.3 million |
| 2023 | 128 | 0 | 128 | $15.9 million |
| 2022 | 1 | 1 | 0 | $150,000 |
| 2021 | 244 | 0 | 244 | $17.8 million |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 3 | 3 | 0 | $605,000 |
| 2017 | 1 | 1 | 0 | $155,000 |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 300 | 0 | 300 | $38 million |
| 2013 | 177 | 0 | 177 | $1.2 million |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 0 | 0 | 0 | — |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 0 | 0 | 0 | — |
| 2002 | 0 | 0 | 0 | — |
| 2001 | 0 | 0 | 0 | — |
| 2000 | 0 | 0 | 0 | — |
How Norwood ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Norwood and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Norwood | $249K | −1.2% | $1,370 | 0 | $71,611 |
| Columbia | — | +2.9%† | $1,470 | — | $68,088 |
† FHFA price index change, where Zillow has no home value for the town.
3.5 years of income
The typical Norwood home costs about 3.5 years of the town's median household income, about the same as across Ohio (3.5).
How Norwood ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,370
HUD's Fair Market Rent for a two-bedroom in Norwood is $1,370 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Norwood pay a median of $981, so moving in tends to cost more than staying put. A two-bedroom takes about 23% of the town's median household income.
Studio $980 · 4 bedrooms $2,000
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (45209, 45212; Cincinnati, OH-KY-IN HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.