In Norwood, a typical home is worth $258,700 and typical rent is $981 a month. Compared with all of Hamilton County, typical rent is 9% lower, the typical home value is 7% higher, and the share of households that own their home is 12 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $193,496 to $242,189.
Typical rent
$1,259a month
▲ 4.6% more than 12 months ago
Typical rent from Zillow, September 2021 to September 2026: from $946 to $1,259.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Norwood is in Hamilton County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Hamilton County. See the county
What this place has that others do not, from public data, most unusual first.
1
According to Zillow, in the 12 months to September 2026 the typical home value in Norwood fell 1%; in Ohio, it rose 3.2%.
2
Nearby, in Deer Park, the typical home value is $205,100: 21% less than in Norwood ($258,700).
3
48% of households in Norwood own their home, against 59% in Hamilton County.
Sources: Zillow (September 2026 data); U.S. Census Bureau (Average 2020–2024). Zillow data
The homes here
Housing in Norwood
What homes there are in Norwood, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Norwood
Hamilton County
Ohio
United States
Kind of home: Norwood and its comparisons
Measure
Norwood
Hamilton County
Ohio
United States
Detached house
54%
58%
69%
61%
Attached house
Unreliable estimate
5%
5%
6%
Building of 2 to 4
27%
13%
8%
8%
Apartments (5 or more)
19%
24%
15%
19%
Mobile home
Unreliable estimate
1%
3%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Norwood, 5 in 10 homes are single-family detached houses; in Hamilton County, 6.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Norwood
Hamilton County
Ohio
United States
Year built: Norwood and its comparisons
Measure
Norwood
Hamilton County
Ohio
United States
Before 1960
80%
46%
38%
26%
1960–1979
12%
27%
26%
24%
1980–1999
4%
16%
20%
25%
2000–2009
Unreliable estimate
6%
10%
14%
2010 or later
4%
5%
7%
11%
In Norwood, at least half of the homes were built before 1940, and 80% date from before 1960.
Homes in Norwood are smaller: 46% have 3 bedrooms or more; in Hamilton County, 55%.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K6%
$100K–$200K25%
$200K–$300K31%
$300K–$500K34%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Norwood and its comparisons
Measure
Norwood
Under $100K
6%
$100K–$200K
25%
$200K–$300K
31%
$300K–$500K
34%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
With an FHA limit of $541,287, at least 96% of owner-occupied homes in Norwood sit below it: they are worth less than $500,000.
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99950%
$1,000–$1,49932%
$1,500–$1,9998%
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Norwood and its comparisons
Measure
Norwood
Under $500
Unreliable estimate
$500–$999
50%
$1,000–$1,499
32%
$1,500–$1,999
8%
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
With a mortgage
$1,683 a month
Hamilton County: $1,673 a month
Without a mortgage
$589 a month
Hamilton County: $707 a month
Owners with a mortgage
73%
Hamilton County: 66%
The typical cost for an owner with a mortgage in Norwood is $1,683 a month, near the figure in Hamilton County ($1,673).
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Norwood+91%
Hamilton County+56%
Ohio+47%
United States+53%
Typical rent
Norwood+31%
Hamilton County+33%
Ohio+28%
United States+33%
Typical household income
Norwood+57%
Hamilton County+27%
Ohio+26%
United States+29%
Change since 2015–2019: Norwood and its comparisons
Measure
Norwood
Hamilton County
Ohio
United States
Typical home value
+91%
+56%
+47%
+53%
Typical rent
+31%
+33%
+28%
+33%
Typical household income
+57%
+27%
+26%
+29%
From 2015–2019 to 2020–2024, the typical home value in Norwood rose 91%; in Hamilton County, it rose 56%.
The typical rent in Norwood rose 31% since 2015–2019, about the same as in Hamilton County (33%).
While home values in Norwood changed +91% and rent +31%, the typical household income rose 57%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Norwood and its comparisons
Measure
Norwood
Hamilton County
Ohio
United States
Rental vacancy
Unreliable estimate
4.4%
4.4%
5.5%
Homeowner vacancy
Unreliable estimate
0.6%
0.8%
0.9%
More than one person per room
Unreliable estimate
1.9%
1.5%
3.4%
People per household
2.12
2.29
2.37
2.53
Drive alone
70%
71%
75%
69%
Carpool
7%
7%
8%
9%
Public transit
3%
3%
1%
3%
Walk or bike
4%
3%
2%
3%
Work from home
16%
15%
13%
15%
Other means
Unreliable estimate
2%
1%
2%
Typical commute
10 to 19 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Fewer people live in each home here: 2.12 on average, against 2.29 in Hamilton County.
To get to work, 70% of workers in Norwood drive alone; in Hamilton County, 71%.
Do the math
What would you pay each month for a home in Norwood?
A typical home costs more than the typical income allows
We start with a typical home in Norwood, worth $258,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 37% of the typical household income in Norwood, which is $71,611 a year. For that payment to be 28% of income, a household would need to earn about $93,896 a year.
The calculator's FHA and conventional loan limits are those of all of Hamilton County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Norwood. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $9,055 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$2,191
at 7.18% · 30 years
Loan amount
$254,014
Total interest
$365,466
Paid off in
November 2056
Includes $4,369 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,671 a month
Tight
$1,671 to $2,148 a month
Hard
more than $2,148 a month
Your payment · 37%
Compared with the typical household income in Norwood ($71,611 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,721
Property tax
$248
Home insurance
$108
FHA mortgage insurance (MIP)
$114
You need at least $9,055 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $2,191; principal and interest $1,721.
The city and its county
Norwood and Hamilton County
Norwood is in Hamilton County, Ohio. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Norwood
Map of Hamilton County, Ohio, with Norwood marked. Around it, the neighboring counties.
Norwood
Hamilton County
Other cities with a page
Norwood's own numbers
Typical home value
$258,700
Typical monthly rent
$981
Typical yearly household income
$71,611
Households that own their home
48%
Effective property tax rate
1.15%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Hamilton County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,442
Price change over 5 years (FHFA)
+54%
Homes in a high flood-risk zone
1%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Hamilton County.
A typical home in Norwood is worth $258,700: 7% above the county and 20% above Ohio. With the typical household income in Norwood ($71,611 a year), a typical home costs 3.6 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Norwood3.6 years
Hamilton3.3 years
Ohio3.0 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Hamilton County
According to FHFA’s house price index, home prices in Hamilton County rose 99% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Hamilton County.
Yearly change in FHFA’s price index in Hamilton County, 2016 to 2025
2016: +4.3% +4.3% 2016
2017: +5.2% +5.2% 2017
2018: +6.6% +6.6% 2018
2019: +4.8% +4.8% 2019
2020: +4.9% +4.9% 2020
2021: +11.0% +11.0% 2021
2022: +14.8% +14.8% 2022
2023: +9.8% +9.8% 2023
2024: +6.2% +6.2% 2024
2025: +4.0% +4.0% 2025
Change in FHFA’s price index in Hamilton County, Ohio and the United States
Period
County
Ohio
U.S.
Last year (2025)
+4.0%
+4.8%
+2.9%
5 years (2020–2025)
+54%
+53%
+47%
10 years (2015–2025)
+99%
+93%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Norwood next to Hamilton County, Ohio and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Norwood$258,700
Hamilton$241,900
Ohio$214,800
United States$332,700
Typical monthly rent
Norwood$981
Hamilton$1,075
Ohio$1,034
United States$1,413
Typical yearly household income
Norwood$71,611
Hamilton$72,470
Ohio$71,389
United States$80,734
See the full table
Norwood next to Hamilton County and Ohio
Measure
Norwood
Hamilton County
Ohio
U.S.
Typical home value
$258,700 ▲7% above the county
$241,900
$214,800
$332,700
Typical monthly rent
$981 ▼9% below the county
$1,075
$1,034
$1,413
Typical yearly household income
$71,611
$72,470
$71,389
$80,734
Households that own their home
48% ▼12 points below the county
59%
67%
65%
Typical yearly property tax
$2,978 ▼18% below the county
$3,652
$2,822
$3,119
Effective property tax rate
1.15% ▼0.36 points below the county
1.51%
1.31%
0.94%
Renters with high rent for their income
49% ▲1 points above the county
49%
46%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Hamilton County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Norwood
For a typical $258,700 home in Norwood, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Norwood's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$2,191a month
Least cash to close
Down payment
$9,055
Cash to close
$16,816
Rate
7.18%
Mortgage insurance
FHA MIP · $114
Conventional, 5% down$2,143a month
Down payment
$12,935
Cash to close
$20,696
Rate
7.18%
Mortgage insurance
PMI · $123
Conventional, 20% down, no PMI$1,758a month
Down payment
$51,740
Cash to close
$59,501
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,997a month
Down payment
$38,805
Cash to close
$46,566
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Norwood
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$2,191
$9,055
$254,014
7.18%
FHA MIP · $114
$16,816
580
Conventional, 5% down
$2,143
$12,935
$245,765
7.18%
PMI · $123
$20,696
620*
Conventional, 20% down, no PMI
$1,758
$51,740
$206,960
7.18%
None
$59,501
620*
ITIN, 15% down (example)
$1,997
$38,805
$219,895
8.18%
None
$46,566
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Norwood is $981 a month: 9% below the county. In Norwood, 49% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Hamilton County, by unit size. To pay the 2-bedroom one ($1,442 a month) without spending more than 30% of your income, you would need to earn $27.73 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Hamilton County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,052
$20.23
$42,080
1 bedroom
$1,128
$21.69
$45,120
2 bedrooms
$1,442
$27.73
$57,680
3 bedrooms
$1,897
$36.48
$75,880
4 bedrooms
$2,141
$41.17
$85,640
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Norwood
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Norwood is in ZIP code 45212.
For 2 bedrooms it is $1,430: $12 less than the fair market rent for Hamilton County ($1,442).
Fair market rent by ZIP code and size in Norwood, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
45212
$1,040
$1,120
$1,430
$1,880
$2,120
ZIP code2 bd3 bd
45212 $1,430$1,880
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Norwood when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 2 HUD-approved agencies with an office in Hamilton County; none says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Norwood or Hamilton County. The ones below are statewide in Ohio: they work in Norwood the same as in the rest of the state.
Ohio state agency help of 2.5% or 5% of the price for the down payment, closing costs or other costs before closing, forgiven after seven years; if you sell sooner, you repay all of it.Offered by Ohio Housing Finance Agency (OHFA).
Ohio state agency certificate that turns part of your mortgage interest into a credit on your federal tax return, up to $2,000 a year: 40% with an OHFA mortgage (MTC Plus) or 15% to 20% with another mortgage (MTC Basic).Offered by Ohio Housing Finance Agency (OHFA).
No legal help resource on our list is for Norwood or Hamilton County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Norwood and all of Hamilton County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Norwood?
The typical home value in Norwood is $258,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Hamilton County it is $241,900.
How much does it cost to rent in Norwood?
Typical rent in Norwood is $981 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Hamilton County is $1,442.
What is the FHA loan limit in Norwood?
Norwood uses the FHA limit for all of Hamilton County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Norwood?
The typical homeowner in Norwood pays $2,978 a year, according to the U.S. Census Bureau. That is 1.15% of the home’s value; in Hamilton County, the rate is 1.51%.
Where can I find free help to buy or rent in Norwood?
There are 2 HUD-approved counseling agencies with an office in Hamilton County. They can help you get ready to buy, with your credit, or with rent.
