What is the Best Neighborhoods USA ranking for Norwood?
Norwood is ranked #85 of 88 eligible neighborhoods in Birmingham; #251 of 258 eligible neighborhoods in AL; and #14,741 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Norwood
Birmingham, AL | Jefferson County
Scored premium profile
Best Neighborhoods USA Index
18.4
Stability and Strength
27.5
Value Opportunity
16.0
Momentum
7.0
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Birmingham, AL |
| County | Jefferson County |
| National rank | #14,741 of 14,967 |
| State rank | #251 of 258 |
| City rank | #85 of 88 |
| County rank | #85 of 88 |
| National percentile | 1.5 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $136,814 |
| Year-over-year home value change | -4.2% |
| Month-over-month home value change | -1.41% |
| Home value to income ratio | 17.97 |
| Median household income | $7,612 |
| Bachelor's degree or higher | 13.5% |
| Civilian unemployment rate | 2.5% |
| Homeownership rate | 64.2% |
| Housing vacancy rate | 27.0% |
| Rent burden 30% or higher | 73.9% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Norwood
Is Norwood one of the best neighborhoods in Birmingham?
Norwood has a Best Neighborhoods USA Index of 18.4 and a city ranking of #85 of 88 eligible neighborhoods in Birmingham.
How much are homes worth in Norwood?
The current Zillow Home Value Index for Norwood is approximately $136,814.
Are home values rising or falling in Norwood?
Zillow neighborhood values changed -4.2% year over year and -1.41% month over month.
What is the Neighborhood Momentum Score for Norwood?
Norwood has a Neighborhood Momentum Score of 7.0. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Norwood?
The NDS-derived neighborhood median household income is approximately $7,612.
How affordable is Norwood relative to household income?
The current Zillow home-value-to-household-income ratio is 17.97. Price-to-income affordability is a major Value Opportunity input.
Is Norwood primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 64.2%.
What is the unemployment rate in Norwood?
The NDS-derived civilian unemployment rate is approximately 2.5%.
How educated are residents of Norwood?
Approximately 13.5% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Norwood face high rent burden?
Approximately 73.9% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Norwood?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications76
Estimated originations33
Home-purchase applications29
Origination rate43.7%
Home-purchase share37.6%
Average application loan$189,517
Total application loan amount$14,388,842
National application rank#5,458 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 5.9% YoY; originations 1.3% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.