New Jersey · Census place 53610
Norwood borough, NJ
Quick answer
Norwood borough has 5,668 residents, ranking #272 of 700 places in New Jersey. Median household income is $164,766, the median home is worth $676,400 and median gross rent runs $2,446 a month.
- Population
- 5,668Norwood borough residents
- Median household income
- $164,766Past 12 months, inflation adjusted
- Median home value
- $676,400Owner-occupied units
- Median gross rent
- $2,446Rent plus utilities, monthly
- Median age
- 47.5 yrsAll residents
- Homeownership rate
- 80.2%Owner-occupied households
What the numbers mean in Norwood borough
Housing cost measured against local earnings.
A household earning the Norwood borough median would spend about 17.8% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 4.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 3.3% of residents and 80.2% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in New Jersey.
- Jamesburg borough 5,763
- Rutgers University-Busch Campus CDP 5,747
- Union Beach borough 5,722
- Towaco CDP 5,627
- Morganville CDP 5,544
- Somerdale borough 5,535
- Lyons CDP 5,444
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