Welcome to our 2062 real estate data hub, tailored for investors in Norwood, MA. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 2062 in Norwood, MA. Discover Section 8 housing opportunities and challenges to maximize your investment potential in NORFOLK COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Norwood, MA real estate investing. Uncover the wealth of information available, and position yourself for success in the Norwood property market.
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Location Overview
- Zip Code: 2062
- City: Norwood
- State: MA
- Metro Area: Boston-Cambridge-Newton, MA-NH
- County Name: NORFOLK COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $617,553
- Average Home Price (Single Family Homes): $638,139
- Average Monthly Rental Price (All Types): $2,616
- Price-to-Rent Ratio: 20
- Zillow Projected % appreciation from 4/2023-4/2024: -0.4%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $2,710
- Average 3 Bedroom Section 8 Rental Rates: $3,300
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 18.99
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 15.59
- Number of Units Offered in Section 8 in the County: 4099
- Number of Occupied Units in Section 8 in the County: 3965
- Percentage of Section 8 Units Occupied in the County: 96.69999695%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 228.48
- Total % Appreciation since 2000 (Government Data): 129.21
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.4%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 2.95%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 20.65%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 29.98%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 66.76%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 56.41%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 71.94%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 1.8%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 7.76%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%