The size of Neranwood is approximately 3.2 square kilometres. It has 7 parks covering nearly 5.6% of total area. The population of Neranwood in 2011 was 360 people. By 2016 the population was 345 showing a population decline of 4.2% in the area during that time. The predominant age group in Neranwood is 50-59 years. Households in Neranwood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Neranwood work in a trades occupation. In 2011, 74.8% of the homes in Neranwood were owner-occupied compared with 72.7% in 2016.