HomeMassachusettsNorfolk CountyNorwood CDP
Norwood CDP, Massachusetts: commercial real estate data.
Norwood CDP is a Census CDP of 31,542 people across 10.38 square miles of land, in Norfolk County. Median household income is $107,030, 54.0 percent of occupied homes are owned, and the SBA record carries 67 7(a) approvals to borrowers here worth $24.2 m.
77 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Norwood
What Norwood is
- Census place typeCDP
- Land area10.38 sq mi
- Water area0.17 sq mi
- Population per square mile of land3,039
- County holding the largest share of its areaNorfolk County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Norwood
How many people live in Norwood
- Population31,542
- Median age39.0
- Population under 186,294
- Share under 1820.0 percent
- Population 65 and over5,561
- Share 65 and over17.6 percent
- Households13,259
- Family households8,447
- Share of households that are families63.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Norwood
Income and work in Norwood
- Median household income$107,030
- Per capita income$63,827
- Civilian labor force18,319
- Employed17,660
- Unemployed659 plus or minus 180
- Unemployment rate3.6 percent plus or minus 1.0
- Adults 25 and over23,214
- Adults 25 and over with a high school diploma or higher93.6 percent
- Adults 25 and over with a bachelor degree or higher55.4 percent
- Adults 25 and over with a graduate degree23.8 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Norwood
Housing in Norwood
- Housing units13,815
- Occupied units13,259
- Vacant units556 plus or minus 169
- Vacancy rate4.0 percent plus or minus 1.2
- Owner occupied7,155
- Renter occupied6,104
- Ownership rate54.0 percent
- Median owner-occupied home value$651,700
- Median gross rent, monthly$2,116
- Annual rent as a share of median income23.7 percent
- Single family units7,436
- Share single family53.8 percent
- Units in buildings of two or more6,370
- Share in buildings of two or more46.1 percent
- Mobile homes9 plus or minus 15
- Median year structure built1960
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Norwood
How Norwood gets to work
- Workers 16 and over who commute14,593
- Commuting under 15 minutes3,450
- Share commuting under 15 minutes23.6 percent
- Commuting 30 minutes or more7,371
- Share commuting 30 minutes or more50.5 percent
- Drove alone63.9 percent
- Carpooled8.1 percent plus or minus 2.0
- Public transport9.3 percent plus or minus 2.0
- Walked0.8 percent plus or minus 0.4
- Worked from home16.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Norwood
SBA loans in Norwood (7(a))
- Approvals67
- Gross approval$24,239,900
- Average approval$361,790
- Median approval$150,000
- Ninetieth percentile approval$800,000
- Largest approval$4,750,000
- Jobs supported833
- Jobs per approval12.4
- Loans with a final outcome14
- Paid in full12
- Charged off2
- Charge-off rate over resolved loans14.3 percent
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises7.5 percent
- Distinct lenders20
- Distinct industries by NAICS36
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Norwood
SBA loans in Norwood (504)
- Approvals21
- Gross approval$14,102,000
- Average approval$671,524
- Median approval$440,000
- Largest approval$1,802,000
- Jobs supported179
- Loans with a final outcome5
- Charged off0
- Median term300 months
- Distinct CDCs4
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Norfolk County, not Norwood
Norfolk County context, not Norwood figures
These are Norfolk County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Norwood measurements.
- Establishments in Norfolk County20,745
- Employment at those establishments, Norfolk County337,287
- Covered employment, Norfolk County346,327
- Average annual pay, Norfolk County$84,497
- Average weekly wage, Norfolk County$1,625
- Housing units permitted, Norfolk County1,224
- Of those, single family, Norfolk County647
- County product, 2024, Norfolk County$75,071,231,000
- County product change over the prior year, Norfolk County5.1 percent
- Average income of an arriving household, Norfolk County$141,216
Every figure in this section is published for Norfolk County as a whole and is not a measurement of Norwood. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Norwood questions, answered from the record.
How many people live in Norwood, Massachusetts?
31,542, in 13,259 households. Norwood CDP covers 10.38 square miles of land, which is 3,039 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Norwood in?
Norfolk County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Norwood?
$107,030. The median owner-occupied home is valued at $651,700. Median gross rent is $2,116 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Norwood businesses?
67 7(a) approvals totalling $24.2 m, across 20 lenders, median approval $150,000, plus 21 504 approvals worth $14.1 m. These count approvals to borrowers whose address is in Norwood, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Norwood borrowers get paid back?
Of the 14 loans that have reached a final outcome, 12 were paid in full and 2 charged off, a charge off rate of 14.3 percent. Loans still running are excluded because they have not yet succeeded or failed.
Are the county figures on this page Norwood figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Norfolk County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Norwood.
Is zoning published for Norwood?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.