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Norwood borough, PA

ZIP 19074 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 19074

Median Home Value
$227,500
Median Rent
$1,174
Affordability Snapshot
$63,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,461/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

16.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 19074 in Norwood borough, PA, a household would need roughly $63,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,461. That sits below the local median household income ($89,135), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
73.5%+12% vs US avg
x
Vacancy Rate
9.5%-8% vs US avg
x
Broadband Access
95.0%+9% vs US avg
x
4+ Bedrooms
2.6%-82% vs US avg
x
Built Pre-1939
14.6%+14% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
48.7%-2% vs US avg
x
Mortgage-Free
29.6%-22% vs US avg
x
$227,500
Home Value
$1,174
Rent
1950
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached38.4%
  • 1-unit attached37.3%
  • 2-9 units15.8%
  • 10+ units8.5%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$227,500
Median rent$1,174
Owner-occupied73.5%
Vacant9.5%
Price-to-income2.6x
Est. income to buy$63,000