ZIP Code · MA

ZIP 02062

Part of Norwood, MA

Pop. 31,542·Norfolk County·104th most expensive ZIP in Massachusetts

Median rent (all units)

$2,579/mo

Year-over-Year

+1.2%

Month-over-Month

+0.4%

vs US Median

+$647

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 02062 · $2,579

More expensive than 82% of US ZIP codes · National median $1,932/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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 02062 is 0.5% below its high of $2,591 in March 2025, at $2,579 as of September 2026.

Past year vs. the rest of Massachusetts

Rent in ZIP 02062 changed +1.2% over the year to September 2026. Across the 140 Massachusetts ZIP codes Zillow tracks, the typical change was +3.0%.

Recent direction

Rent has risen 5 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($107,030) is $2,676 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($2,370); a 2-bedroom is $2,820.

From Zillow's monthly rent index (ZORI) for ZIP 02062. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$30,948/yr

At $2,579/mo median

Location

CityNorwood

StateMA

CountyNorfolk County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (1.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+1.2% YoY, +0.4% 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

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 ZIP 02062 in Norwood, MA has changed in 5 years

Rent

$2,162 → $2,579

up 19.3%

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

Since 2022, the typical rent in ZIP 02062 in Norwood, MA has climbed from $2,162 to $2,579, a 19.3% change over five years. On the earnings side, the typical household in ZIP 02062 in Norwood, MA now reports about $107,030, up from $96,414 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. College-educated residents now make up 55.4% of adults here, versus 52.2% in 2021. For context, the 2022 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 02062 in Norwood, MA reflects that arc in its own way.

Community

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Local insights

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About renting in ZIP 02062

Last updated: October 17, 2026

ZIP code 02062 covers Norwood, MA. The median rent here is $2,579/mo as of October 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 increased 1.2% over the past year.

FAQ

Frequently asked questions

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 $103,000/year (about $50/hour full-time) to afford the median rent of $2,579/mo in ZIP 02062. The local median household income is $107,030/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 02062?

Rent in ZIP 02062 has risen 1.2% over the past year as of September 2026. It sits 0.5% below its high of $2,591 in March 2025.

How does ZIP 02062 compare to other ZIPs in Massachusetts?

ZIP 02062 is in the middle among Massachusetts ZIP codes for rent, ranking #104 of 164 at $2,579/mo. Over the year to September 2026, rent in ZIP 02062 changed +1.2%, against a typical +3.0% across the 140 Massachusetts ZIP codes Zillow tracks.