City Report · MA

Norwood

Pop. 31,542·74th most expensive in Massachusetts·Norwood rents have dropped 6.6%, currently a renter's market
Median rent (all units)
$2,519/mo
Year-over-Year
-6.6%
Month-over-Month
-3.1%
vs US Median
+$557
Falling (Monthly)
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Most AffordableMost Expensive
Norwood · $2,519
More expensive than 80% of US cities · National median $1,962/mo
Rent Reality Score
78/100
Good value
OverheatedFairGreat value

Rents are 14% below what Norwood's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$2,519/mo
Expected by trend
$2,936/mo
The Rent Reality Score compares today's median rent to where Norwood's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$2,160
1 BR
$2,290
2 BR
$2,710
3 BR
$3,260
4 BR+
$3,590
Fair Market Rent (HUD)
$2,710/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,519 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$30,228/yr
At $2,519/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 6.6% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-6.6% YoY, -3.1% MoM), not inventory.
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Demographics

Who lives here

Norwood, MA is roughly split between renters and owners, has a median income above the national average, 55.4% of residents hold a bachelor's degree or higher.

Population
31,542
Median income
$107,030
Median age
39
Renters
46%
Age distribution
20%
23.1%
25.6%
13.7%
17.6%
Under 1820%
18–3423.1%
35–5425.6%
55–6413.7%
65+17.6%
Gender
49.7%
50.3%
Male49.7%
Female50.3%
Race & ethnicity
70.7%
White70.7%
Black7.1%
Hispanic10%
Asian6.7%
Other5.6%
Education (25+)
18.3%
19.8%
55.4%
No HS diploma6.4%
HS diploma18.3%
Some college19.8%
Bachelor's+55.4%
Housing tenure
54%
46%
Owner54%
Renter46%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How Norwood, MA has changed in 5 years

Rent
$2,283 → $2,519
up 10.3%
Income
$96,414 → $107,030
up 11.0%
Population
31,256 → 31,542
up 0.9%
Renter share
46.8% → 46%
-0.8 pts
Bachelor's+
52.2% → 55.4%
+3.2 pts

Compared with 2022, rent in Norwood, MA has climbed by $236 per month, settling near $2,519 after starting the period at $2,283. Census figures show median household income at $107,030 today, compared with $96,414 five years earlier. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 52.2% to 55.4%. The combined trend lines point to a market that has changed measurably from where it stood in early 2022.

Community

Discussions about Norwood

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View Norwood rent history (2015–2026) →
Salary vs rent

Can you afford rent in Norwood on your salary?

At $2,519/mo, how Norwood rent compares to typical pay (30% rule).

By apartment size

Norwood rent by bedroom count

Median rent for each apartment size in Norwood. Click any size for full breakdown.

Local insights

Tips for renters in Norwood

About renting in Norwood, MA

Last updated: August 17, 2026

The median rent in Norwood is $2,519/mo as of August 2026. A studio apartment averages $2,160/mo while a 2-bedroom runs $2,710/mo. One-bedroom apartments average $2,290/mo and 3-bedroom units go for $3,260/mo.

At 28% of local median household income ($107,030/yr), Norwood ranks as affordable compared to the national benchmark of 30%. Rents have decreased 6.6% over the past year.

FAQ

Frequently asked questions

Is Norwood an affordable city for renters?

Norwood is considered affordable for renters. At $2,519/mo, rent takes approximately 28% of the local median household income ($107,030/yr). The standard benchmark is 30%. Norwood falls comfortably within that range.

How much income do you need to rent in Norwood?

To keep rent at or below 30% of gross income, you would need to earn at least $101,000/year (~$49/hour full-time) to afford the median rent of $2,519/mo in Norwood. The local median household income is $107,030/yr, meaning the typical Norwood household meets that threshold.

Is rent going up or down in Norwood?

Rent in Norwood has decreased 6.6% over the past year as of August 2026, offering some relief compared to 12 months ago.

How does Norwood rent compare to other cities in Massachusetts?

Norwood is middle-of-the-pack for Massachusetts for rent, ranking #74 out of 112 tracked cities at $2,519/mo.

What percentage of Norwood residents rent vs. own?

According to Census data, approximately 46% of Norwood households are renters, while 54% are owner-occupied. Norwood leans toward homeownership, which can mean a smaller rental inventory.

How does Norwood rent compare to the national average?

Norwood's median rent of $2,519/mo is $557 (28%) above the US national median of $1,962/mo. Within Massachusetts, it ranks #74 out of 112 tracked cities.
Income Affordability
28%
AFFORDABLE

At $2,519/mo, rent takes ~28% of Norwood's median household income ($107,030/yr). The standard benchmark is 30%.

Norwood 28%Benchmark 30%
State income tax5%
Run the Norwood affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Norwood, MA

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