How many renters in Norwood, NC pay more than 30% of their income on rent?
47.3% (±21.5 points) of renting households in Norwood, NC spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).
46.0% spend 35% or more.
The median renting household spends 28.6% of its income on rent.
Figures last updated on .
- Paying 30% or more
- 47.3% (±21.5 points)
- Paying 35% or more
- 46.0% (±21.4 points)
- Median share of income
- 28.6% (±22.7 points)
Rent as a share of income in Norwood
| Share of income spent on rent | Norwood | Stanly County | North Carolina | United States |
|---|---|---|---|---|
| Less than 15% | 13.5% (±13.6 points) | 18.9% | 14.1% | 12.6% |
| 15% to 19.9% | 19.0% (±16.4 points) | 14.8% | 12.6% | 12.2% |
| 20% to 24.9% | 10.3% (±8.1 points) | 9.3% | 13.2% | 12.6% |
| 25% to 29.9% | 10.0% (±9.9 points) | 8.1% | 11.3% | 11.5% |
| 30% to 34.9% | 1.3% (±2.2 points) | 9.6% | 9.3% | 9.2% |
| 35% or more | 46.0% (±21.4 points) | 39.3% | 39.6% | 41.9% |
Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.
Norwood against Stanly County, its state and the nation
| Norwood | Stanly County | North Carolina | United States | |
|---|---|---|---|---|
| Paying 30% or more | 47.3% (±21.5 points) | 48.9% (±5.7 points) | 48.9% (±0.6 points) | 51.1% |
| Paying 35% or more | 46.0% (±21.4 points) | 39.3% (±4.9 points) | 39.6% (±0.5 points) | 41.9% |
| Median share of income | 28.6% (±22.7 points) | 29.3% (±3.0 points) | 29.5% (±0.2 points) | 30.6% |
| Median renter household income | — | $33,732 (±$1,988) | $48,010 (±$418) | $52,966 |
| Median gross rent | $919 (±$83) | $861 (±$32) | $1,228 (±$5) | $1,413 |
In Norwood, the share of renters paying 30% or more of income is not measurably different from Stanly County (48.9%).
It is not measurably different from North Carolina (48.9%).
It is not measurably different from the national figure (51.1%).
In Stanly County, Norwood ranks 7 of 10 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.
Statewide, it ranks 344 of 650.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Renters paying 30% or more of income in places near Norwood
| Place | Distance | Renters paying 30% or more of income | Compared with this place |
|---|---|---|---|
| Norwood | — | 47.3% (±21.5 points) | — |
| Mount Gilead | 6.1 mi | 41.2% (±24.8 points) | Not measurably different |
| Ansonville | 8.9 mi | 86.7% (±93.2 points) | Not measurably different |
| Albemarle | 9.8 mi | 56.9% (±10.6 points) | Not measurably different |
| Badin | 12 mi | 42.3% (±25.0 points) | Not measurably different |
| Oakboro | 13 mi | 30.9% (±22.4 points) | Not measurably different |
| Red Cross | 14 mi | 56.7% (±33.8 points) | Not measurably different |
| New London | 15 mi | 56.4% (±65.4 points) | Not measurably different |
| Troy | 15 mi | 26.1% (±12.1 points) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Renters paying 30% or more of income across Stanly County, place by place
| Rank | Place | Renters paying 30% or more of income |
|---|---|---|
| 1 | Stanfield | 72.8% (±42.4 points) |
| 2 | Locust | 69.5% (±26.7 points) |
| 3 | Albemarle | 56.9% (±10.6 points) |
| 4 | Red Cross | 56.7% (±33.8 points) |
| 5 | New London | 56.4% (±65.4 points) |
| 6 | Richfield | 52.8% (±44.8 points) |
| 7 | Norwood | 47.3% (±21.5 points) |
| 8 | Misenheimer | 43.9% (±28.6 points) |
| 9 | Badin | 42.3% (±25.0 points) |
| 10 | Oakboro | 30.9% (±22.4 points) |
Survey years: 2020–2024 (American Community Survey 5-year estimates).
Margins of error are at the 90% confidence level.
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Questions about Norwood
Are renters in Norwood rent-burdened?
47.3% of renting households in Norwood pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
What share of income do renters in Norwood spend on rent?
The median renting household in Norwood, NC spends 28.6% (±22.7 points) of its household income on gross rent.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Norwood town, North Carolina
- Median Gross Rent as a Percentage of Household Income (B25071), 2020–2024 ACS 5-year estimates — Norwood town, North Carolina
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Norwood town, North Carolina
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Norwood town, North Carolina (place:47980, in state:37).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The API needs a free key.
DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Norwood at a glance
- Median rent in Norwood
- Rent by bedrooms in Norwood
- Renters and owners in Norwood
- Income and affordability in Norwood
- Home values in Norwood
- Homeowner costs in Norwood
- Property taxes in Norwood
- Types of homes in Norwood
- Bedrooms in Norwood
- Age of homes in Norwood
- Heating fuel in Norwood
- Commute and cars in Norwood
- Population growth in Norwood
- How long people stay in Norwood
- North Carolina landlord and tenant rules
- Housing across Stanly County
- North Carolina places ranked by rent burden
- Housing data for every place in North Carolina