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Norwood town, NC

ZIP 28128 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 28128

Median Home Value
$179,700
Median Rent
$575
Affordability Snapshot
$49,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,154/mo PITI).

12%
Rent-to-Income Ratio

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

3.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

26.0 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 28128 in Norwood town, NC, a household would need roughly $49,000 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 $1,154. That sits below the local median household income ($59,941), 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

Vacancy rate 21% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
69.7%+7% vs US avg
x
Vacancy Rate
21.4%+108% vs US avg
x
Broadband Access
95.7%+10% vs US avg
x
4+ Bedrooms
2.6%-82% vs US avg
x
Built Pre-1939
7.5%-41% vs US avg
x
Built Post-2014
0.9%-86% vs US avg
x
Rent Burden >30%
16.2%-67% vs US avg
x
Mortgage-Free
47.6%+25% vs US avg
x
$179,700
Home Value
$575
Rent
1971
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 detached81.4%
  • 1-unit attached0.4%
  • 2-9 units3.3%
  • 10+ units0.3%
  • Mobile home & other14.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$179,700
Median rent$575
Owner-occupied69.7%
Vacant21.4%
Price-to-income3.0x
Est. income to buy$49,000