Rental market snapshot for Norwood, Massachusetts

Norwood, Massachusetts Rental Property Market Overview

Norwood, Massachusetts is a town located in Norfolk County, with a population of 28,602 as of 2021, according to the US Census. It is a suburb of Boston, located about 16 miles southwest of the city. Norwood is known for its diverse population, with a mix of families, young professionals, and retirees. The town is home to a variety of businesses, including retail stores, restaurants, and medical facilities. Norwood is also home to several parks and recreational areas, making it a great place to live and work.

The average rent for an apartment in Norwood is $2,646. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in Norwood Massachusetts | Cost of Living

  • The most expensive ZIP code in Norwood is 02062 with an average price of $2,570.
  • The cheapest ZIP code in Norwood is 02062 with an average price of $2,570.

Norwood ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
102062$2,570

Live near Norwood, Massachusetts's Top Sights and Attractions

Father Mcaleer Playground is a large outdoor recreational area located in a residential neighborhood. It features a large open grassy area, a playground with swings, slides, and climbing structures, a basketball court, a baseball diamond, and a walking path. The park also has a picnic area with tables and benches, and a gazebo. The playground is well-maintained and provides a safe and fun environment for children and families to enjoy.

Charles Elliot Pk is a picturesque park located in Norwood, Massachusetts. It features a large pond surrounded by lush greenery, making it a popular spot for picnics, fishing, and leisurely strolls. The park also has a playground, basketball court, and a walking path that winds through the trees. Visitors can also enjoy the views of the nearby hills and the Boston skyline in the distance.

Mcfarland is a historic house museum located in Norwood, Massachusetts. Built in 1795, the house is a classic example of Federal-style architecture and is listed on the National Register of Historic Places. The house features period furnishings and artifacts, and visitors can explore the house and grounds, including the garden, which is planted with heirloom vegetables and herbs. The house also hosts a variety of educational programs and events throughout the year.

The Protectors Of The American Way Monument is a large bronze sculpture depicting a family of four, standing in a circle with their arms linked. The sculpture is located in a park setting, surrounded by trees and a pond. The figures represent the four branches of the United States military, with each figure wearing a uniform of the respective branch. The monument is meant to honor those who have served and sacrificed for the country.

Norwood Gazebo is a beautiful outdoor structure located in a picturesque park. It is a large, white, octagonal building with a steeply pitched roof and a cupola at the top. The gazebo is surrounded by lush green grass and trees, and it overlooks a tranquil pond. Visitors can enjoy the peaceful atmosphere while taking in the stunning views of the surrounding area. Inside the gazebo, there are benches and tables, making it the perfect spot for a picnic or a leisurely stroll.

Veterans Memorial Park is a tranquil outdoor space located in a small town in Massachusetts. It features a large grassy area surrounded by trees, a pond, and a memorial dedicated to the town's veterans. The park also has a playground, picnic tables, and a walking path. Visitors can enjoy a peaceful stroll around the pond, or take a break and relax on the benches scattered throughout the park.

Westover Parkway is a scenic road located in a suburban area of Massachusetts. It is lined with tall trees and lush greenery, and is a popular spot for walking, jogging, and biking. It is also home to a variety of wildlife, including deer, foxes, and other small animals. The parkway is a great place to take in the beauty of nature and enjoy some peace and quiet.

Neponset River Reservation is a scenic outdoor area located in Norwood, Massachusetts. It features a variety of trails for walking, running, and biking, as well as a large open field perfect for picnics and other outdoor activities. The area is also home to a variety of wildlife, including birds, turtles, and fish. Visitors can also take in the views of the Neponset River and its surrounding wetlands.

Shattuck Park is a picturesque public park located in a quiet residential area. It features a large grassy field, perfect for picnics and outdoor activities, as well as a playground, basketball court, and walking trails. The park also has a pond with a dock, where visitors can enjoy fishing and boating. In addition, the park has a gazebo and a pavilion, which are great for hosting events and parties.

Father McAleer Playground & Park is a popular outdoor destination located in a residential area. It features a large playground with swings, slides, and other play equipment, as well as a basketball court, a baseball field, and a picnic area. The park also has a walking path, a pond, and plenty of green space for visitors to enjoy.

Norwood, Massachusetts area median rent change by ZIP code map

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How does Norwood compare to other cities in Massachusetts?

citymedian price
Lincoln$4,139
Easton$3,503
Cohasset$3,302
Concord$3,215
Westborough$2,780
Westford$2,511
Hudson$2,420
Hampden$1,825
Holyoke$1,400

Average household income in Norwood area graph - US Census

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The median household income in Norwood in 2021 was $96,414. This represents a 27.2% change from 2011 when the median was $75,795.

#categorypercent
0Less than $10,0003.8%
1$10,000 to $14,9993.9%
2$15,000 to $19,9992.3%
3$20,000 to $24,9992.7%
4$25,000 to $29,9992.4%
5$30,000 to $34,9992.9%
6$35,000 to $39,9993.7%
7$40,000 to $44,9992.0%
8$45,000 to $49,9993.2%
9$50,000 to $59,9995.1%
10$60,000 to $74,9999.4%
11$75,000 to $99,99914.0%
12$100,000 to $124,99911.2%
13$125,000 to $149,9998.7%
14$150,000 to $199,99912.0%
15$200,000 or more12.8%

Neighborhoods in Norwood

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

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While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of February , the average rent in Norwood is $2,646.
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