2026 Affordability Data
Most Affordable Neighborhoods in Norwood - 2026 Data
The median home value in Norwood is $205,200, 27% below nat'l avg. Median rent is $888/month. With an affordability index of 135, Norwood is more affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the Norwood, OH area.
Key Takeaways: Affordability in Norwood
- 1The most affordable neighborhood in Norwood is Cincinnati, with a median home value of $170,000.
- 2Norwood's median home value is $205,200, 27% below nat'l avg (national: $281,900).
- 3Norwood's affordability index is 135 (baseline 100), making it more affordable than the national average.
- 4Median rent in Norwood is $888/month, 24% below nat'l avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in Norwood to find the most affordable areas based on home values, rent, and affordability index.
Norwood Affordability Overview
Median Home Value
$205,200
27% below nat'l avg
Median Rent
$888/mo
24% below nat'l avg
Median Income
$58,095
22% below nat'l avg
Affordability Index
135
35% above nat'l avg
Most Affordable Neighborhoods in Norwood (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | CincinnatiOH | $170,000 |
| 2 | SalemOH | $113,700 |
| 3 | MonroeOH | $242,000 |
| 4 | LorainOH | $115,200 |
| 5 | HamiltonOH | $141,300 |
| 6 | ClevelandOH | $87,400 |
| 7 | BeachwoodOH | $362,500 |
| 8 | Mount VernonOH | $149,200 |
| 9 | AkronOH | $99,700 |
| 10 | CantonOH | $86,200 |
| 11 | WickliffeOH | $146,600 |
| 12 | CirclevilleOH | $157,900 |
| 13 | East ClevelandOH | $71,800 |
| 14 | New FranklinOH | $185,000 |
| 15 | NewarkOH | $162,300 |
Detailed Neighborhood Profiles
Home Value: $170,000
Rent: $1,554/mo
Affordability: 155
Population: 309,317
Walk Score: 98/100
Home Value: $113,700
Rent: $888/mo
Affordability: 135
Population: 11,861
Walk Score: 0/100
Home Value: $242,000
Rent: $888/mo
Affordability: 135
Population: 15,202
Walk Score: 0/100
4
Home Value: $115,200
Rent: $888/mo
Affordability: 135
Population: 65,138
Walk Score: 0/100
5
Home Value: $141,300
Rent: $888/mo
Affordability: 135
Population: 63,149
Walk Score: 0/100
6
Home Value: $87,400
Rent: $888/mo
Affordability: 135
Population: 370,365
Walk Score: 0/100
7
Home Value: $362,500
Rent: $888/mo
Affordability: 135
Population: 13,846
Walk Score: 0/100
8
Home Value: $149,200
Rent: $888/mo
Affordability: 135
Population: 16,861
Walk Score: 0/100
9
Home Value: $99,700
Rent: $888/mo
Affordability: 135
Population: 190,273
Walk Score: 0/100
10
Home Value: $86,200
Rent: $888/mo
Affordability: 135
Population: 70,589
Walk Score: 0/100
11
Home Value: $146,600
Rent: $888/mo
Affordability: 135
Population: 12,661
Walk Score: 0/100
12
Home Value: $157,900
Rent: $888/mo
Affordability: 135
Population: 14,017
Walk Score: 0/100
13
Home Value: $71,800
Rent: $888/mo
Affordability: 135
Population: 13,926
Walk Score: 0/100
14
Home Value: $185,000
Rent: $888/mo
Affordability: 135
Population: 13,874
Walk Score: 0/100
15
Home Value: $162,300
Rent: $888/mo
Affordability: 135
Population: 50,062
Walk Score: 0/100
Frequently Asked Questions About Affordability in Norwood
What is the most affordable neighborhood in Norwood, OH?▾
Based on 2026 data, Cincinnati is the most affordable neighborhood in Norwood with a median home value of $170,000. Kurby analyzed 15 neighborhoods in the Norwood area to compile these rankings.
What is the median home price in Norwood, OH?▾
The median home price in Norwood is $205,200, which is 27% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Norwood affordable compared to the national average?▾
Norwood has an affordability index of 135, which means housing is more affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Norwood, OH?▾
The median monthly rent in Norwood is $888. This is 24% below nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Norwood?▾
The median household income in Norwood is $58,095 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Norwood are below the national average home price?▾
14 out of 15 ranked neighborhoods in Norwood have a median home value below the national average of $281,900. The most affordable is Cincinnati at $170,000 (Source: Kurby, 2026).