HomeNorth CarolinaStanly CountyNorwood town
Norwood town, North Carolina: commercial real estate data.
Norwood town is a Census town of 2,433 people across 4.64 square miles of land, in Stanly County. Median household income is $51,639, 59.3 percent of occupied homes are owned, and the SBA record carries 5 7(a) approvals to borrowers here worth $3.7 m.
70 sourced place values · tier FULL · 8 sections
Norwood
What Norwood is
- Census place typetown
- Land area4.64 sq mi
- Water area0.01 sq mi
- Population per square mile of land525
- County holding the largest share of its areaStanly 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
- Population2,433
- Median age38.1
- Population under 18394 plus or minus 117
- Share under 1816.2 percent plus or minus 4.8
- Population 65 and over333 plus or minus 85
- Share 65 and over13.7 percent plus or minus 3.5
- Households883
- Family households530
- Share of households that are families60.0 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$51,639 plus or minus $15,100
- Per capita income$28,853
- Civilian labor force1,327
- Employed1,240
- Unemployed87 plus or minus 37
- Unemployment rate6.6 percent plus or minus 2.6
- Adults 25 and over1,737
- Adults 25 and over with a high school diploma or higher84.1 percent
- Adults 25 and over with a bachelor degree or higher20.0 percent plus or minus 5.7
- Adults 25 and over with a graduate degree4.8 percent plus or minus 2.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Norwood
Housing in Norwood
- Housing units1,132
- Occupied units883
- Vacant units249 plus or minus 106
- Vacancy rate22.0 percent plus or minus 9.0
- Owner occupied524
- Renter occupied359 plus or minus 98
- Ownership rate59.3 percent
- Median owner-occupied home value$185,200
- Median gross rent, monthly$919
- Annual rent as a share of median income21.4 percent plus or minus 6.5
- Single family units1,012
- Share single family89.4 percent
- Units in buildings of two or more107 plus or minus 89
- Share in buildings of two or more9.5 percent plus or minus 7.8
- Mobile homes13 plus or minus 12
- Median year structure built1962
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 commute1,085
- Commuting under 15 minutes275 plus or minus 101
- Share commuting under 15 minutes25.3 percent plus or minus 8.4
- Commuting 30 minutes or more381 plus or minus 127
- Share commuting 30 minutes or more35.1 percent plus or minus 10.3
- Drove alone77.2 percent
- Carpooled13.6 percent plus or minus 9.1
- Public transport0.0 percent
- Walked0.2 percent plus or minus 0.3
- Worked from home8.7 percent plus or minus 4.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Norwood
SBA 7(a) lending to Norwood borrowers
- Approvals5
- Gross approval$3,653,000
- Average approval$730,600
- Median approval$778,000
- Ninetieth percentile approval$1,097,000
- Largest approval$1,097,000
- Jobs supported17
- Jobs per approval3.4
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term144 months
- Share on real estate terms of 20 years or more20.0 percent
- Share to franchises0.0 percent
- Distinct lenders3
- Distinct industries by NAICS3
A charge-off rate is not published here. only 0 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Norwood
Flood programme status in Norwood
- Listed NFIP communities1
- Of those, participating1
- NFIP community number370509
- Currently effective map date06/16/09(M)
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Stanly County, not Norwood
Stanly County context, not Norwood figures
These are Stanly 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 Stanly County1,459
- Employment at those establishments, Stanly County18,013
- Covered employment, Stanly County23,093
- Average annual pay, Stanly County$44,697
- Average weekly wage, Stanly County$860
- Housing units permitted, Stanly County367
- Of those, single family, Stanly County367
- County product, 2024, Stanly County$2,784,779,000
- County product change over the prior year, Stanly County5.8 percent
- Average income of an arriving household, Stanly County$63,921
Every figure in this section is published for Stanly 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.
- 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, North Carolina?
2,433, in 883 households. Norwood town covers 4.64 square miles of land, which is 525 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?
Stanly 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?
$51,639. The median owner-occupied home is valued at $185,200. Median gross rent is $919 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?
5 7(a) approvals totalling $3.7 m, across 3 lenders, median approval $778,000. 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?
No rate is published for Norwood. only 0 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Is Norwood in the National Flood Insurance Program?
Yes. Norwood appears in the FEMA Community Status Book as community 370509, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
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 Stanly 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.
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