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ZIP Code · MA

ZIP 02062

Part of Norwood, MA
Pop. 31,542·Norfolk County·108th most expensive ZIP in Massachusetts
Median rent (all units)
$2,601/mo
Year-over-Year
-3.9%
Month-over-Month
-0.3%
vs US Median
+$636
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 02062 · $2,601
More expensive than 82% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$2,260
1 BR
$2,370
2 BR
$2,820
3 BR
$3,380
4 BR+
$3,730
Research median
$2,820/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$31,212/yr
At $2,601/mo median
Location
StateMA
CountyNorfolk County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 3.9% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-3.9% YoY, -0.3% MoM), not inventory.
Demographics

Who lives here

ZIP 02062 (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

2021 vs 2026

How ZIP 02062 in Norwood, MA has changed in 5 years

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

On the earnings side, the typical household in ZIP 02062 in Norwood, MA now reports about $107,030, up from $96,414 in 2021. College-educated residents now make up 55.4% of adults here, versus 52.2% in 2021.

Community

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Local insights

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About renting in ZIP 02062

Last updated: July 20, 2026

ZIP code 02062 covers Norwood, MA. The median rent here is $2,601/mo as of July 2026. A 1-bedroom rents for a median of $2,370/mo. A 2-bedroom rents for a median of $2,820/mo.

At 29% of local median household income ($107,030/yr), ZIP 02062 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 3.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 02062?

As of July 20, 2026, the median monthly rent in ZIP 02062 (Norwood, MA) is $2,601. This is based on aggregated data from public sources and community submissions.

How does ZIP 02062 rent compare to the US average?

ZIP 02062's median rent of $2,601/mo is $636 (32%) above the US national median of $1,965/mo.

How does ZIP 02062 compare to other ZIPs in Massachusetts?

ZIP 02062 falls in the middle range for Massachusetts, ranking #108 out of 168 ZIPs at $2,601/mo.

How much income do you need to rent in ZIP 02062?

To keep rent at or below 30% of gross income, you would need to earn at least $104,000/year (~$50/hour full-time) to afford the median rent of $2,601/mo in ZIP 02062. The local median household income is $107,030/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 02062?

Rent in ZIP 02062 has decreased 3.9% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 02062 an affordable place to rent?

ZIP 02062 is considered affordable for renters. At $2,601/mo, rent takes approximately 29% of the local median household income ($107,030/yr). The standard benchmark is 30%. ZIP 02062 falls comfortably within that range.

What percentage of ZIP 02062 residents rent vs. own?

According to Census data, approximately 46% of ZIP 02062 households are renters, while 54% are owner-occupied. ZIP 02062 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 02062 compare to the rest of Norwood?

ZIP 02062 sits right at the Norwood citywide median of $2,601/mo.

When was rent data for ZIP 02062 last updated?

Rent data for ZIP 02062 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
29%
AFFORDABLE

At $2,601/mo, rent takes ~29% of ZIP 02062's median household income ($107,030/yr). The standard benchmark is 30%.

ZIP 02062 29%Benchmark 30%
State income tax5%
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Schools nearby

Public schools near ZIP 02062 (Norwood, MA)

Recent submissions

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