Market Overview
Home Prices in Norwood, GA
The median home value in Norwood, GA is $124,980 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4% compared to a year ago and down 8.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Norwood are priced70% below average.
Over the past five years, Norwood home values have fallen by approximately3.3%, reflecting softening conditions in this market.
Price History
Norwood Home Price Trend
2021
$129,308
$129K
—
2022
$144,350
$144K
+11.6%
2023
$128,592
$129K
-10.9%
2024
$131,969
$132K
+2.6%
2025
$120,194
$120K
-8.9%
2026
$124,980
$125K
+4.0%
City Comparison
Norwood vs. National Median
🏠 Norwood
$124,980
National Median
$410,000
At $124,980, homes in Norwood cost 70% below the national median of $410,000. This makes Norwood a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Norwood?
20% Down Payment
$24,996
on $124,980
Monthly P&I
$652/mo
30-yr @ 6.8%
Total Monthly Est.
~$828/mo
incl. taxes & insurance
Income Needed
$33,120
gross annual (30% rule)
10% Down Option
$12,498
+ PMI applies
Loan Amount (20% dn)
$99,984
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Norwood, GA?
The median home value in Norwood is $124,980 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4% year-over-year.
How much have home prices changed in Norwood?
Over the past year, home values in Norwood have increased by 4%. Over five years, prices have fallen approximately 3.3%.
How much do I need to earn to buy a home in Norwood?
To comfortably afford the median home price of $124,980 with a 20% down payment ($24,996) at today's rates (6.8%), you'd need a gross annual income of approximately $33,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Norwood compare to the national average home price?
The national median home value is approximately $410,000. At $124,980, homes in Norwood are 70% below the national average.