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Norwood

Learn about the people, housing, costs and businesses in Norwood, Georgia

Median Home$65,400
Median Rent$675/month
Population194
Leading IndustriesFinance & Insurance · Information & Media · Retail11% finance & insurance
Retirees22% of residentsnear the national average
Homeowners79% of occupied units
NotableAffordable Market$65k median home · lower cost than 99% of the country
Norwood
GA

Frequently Asked Questions

What are today's mortgage rates in Norwood?

As of today, the 30-year fixed mortgage rate for Norwood is approximately 6.967% (7.006% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Norwood?

The median home value in Norwood is $65k. The median monthly rent is $675. Annual property taxes average $693. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Norwood?

Based on a typical all-in ownership cost of $610/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $26k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Norwood is $54k/year.

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What industries drive the economy in Norwood?

The largest employment sectors in Norwood are retail (21%) and public administration (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.