HomeNorth CarolinaStanly CountyNorwood
Norwood, North Carolina: commercial real estate data.
Norwood 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 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
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 loans in Norwood (7(a))
- Approvals5
- Gross approval$3,653,000
- Average approval$730,600
- Median approval$778,000
- 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
Counted by borrower city: approvals to borrowers whose address is in Norwood, in any county, FY2020 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Norwood
Flood risk in Norwood
- NFIP communityTown of Norwood
- NFIP community number370509
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date06/16/09(M)
The Town of Norwood participates in the National Flood Insurance Program as community 370509 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Stanly County, not Norwood
Stanly County context, not Norwood figures
- Establishments in Stanly County1,459
- Covered employment, Stanly County23,093
- Average annual pay, Stanly County$44,697
- Housing units permitted, Stanly County367
Every figure in this section is published for Stanly County as a whole and is not a measurement of Norwood.
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.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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 totaling $3.7 m since FY2020, 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 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Norwood in the National Flood Insurance Program?
Yes. Norwood appears in the FEMA Community Status Book as Norwood, town of, 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 labeled 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?
No. Nothing on this page presents parcel level zoning.
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