Northwood, IA—50459
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Northwood, IA
As of Oct '25, the median home price in Northwood, IA is $192,000, with a year-over-year change of 4.4%. This indicates that home prices in Northwood, IA are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $192,000 | 4.4% |
| Single Family | $192,000 | 3.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $136,000 | 6.2% |
3 Bed | $191,000 | 3.8% |
4 Bed | $227,000 | 3.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Northwood, IA
Northwood, IA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $700 | $700 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $700 | $700 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Northwood, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Northwood, IA is 45. This is a decrease of -14.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $162,000 | 0.0% |
Listing Count | 16 | 18.0% |
| Listings as % of Homes | 0.7% | 18.0% |
Days on Market | 45 | -14.0% |
Demographics — Northwood, IA
As of the latest ACS Survey released in 2023, Northwood, IA has a population of 3,030, which has remained stable by 0.4% over the past 5 years. Northwood, IA is a moderately popular place for families, as children make up 22.0% of the population. The area has a poorly educated workforce, with 22.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,030 | 0.4% |
% Under 18 | 22.0% | 0.5% |
% Seniors | 21.4% | 0.0% |
% WFH | 8.9% | 206.9% |
% w/ College Degree | 22.3% | 26.7% |
As of the latest ACS Survey released in 2023, Northwood, IA is a predominantly white area, with 94.4% of the population identifying as white. The white population has grown by 1.5% in the last 5 years. The second most common race or ethnicity in Northwood, IA is hispanic, making up 2.9% of the population. Foreign-born residents account for 1.2% of the population in Northwood, IA, and this percentage has increased by 9.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.4% | 1.5% |
% Black | 0.6% | -75.0% |
% Hispanic | 2.9% | -9.4% |
% Asian | 1.1% | 175.0% |
% Foreign Born | 1.2% | 9.1% |
Mortgage and Risk — Northwood, IA
According to HUD data as of 2023, there were 37 mortgage originations in Northwood, IA, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Northwood, IA. Investor activity is low, as 5.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 37 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Northwood, IA
Northwood, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 17 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $700 | $720 |
| 2 Bedroom | N/A | N/A | $940 |
| 3 Bedroom | N/A | N/A | $1,250 |
| 4 Bedroom | N/A | N/A | $1,410 |
Affordability — Northwood, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $192,000 |
| Median Household Income | $76,100 |