Norwood Young America, MN—55368
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Norwood Young America, MN
Home Price Trends — Norwood Young America, MN
As of Oct '25, the median home price in Norwood Young America, MN is $347,000, with a year-over-year change of 3.5%. This indicates that home prices in Norwood Young America, MN are increasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $347,000 | 3.5% |
| Single Family | $347,000 | 3.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $243,000 | 3.8% |
3 Bed | $320,000 | 3.2% |
4 Bed | $386,000 | 2.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Norwood Young America, MN
Norwood Young America, MN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 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 — Norwood Young America, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Norwood Young America, MN is 25. This is a increase of 226.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $299,000 | 170.0% |
Listing Count | 5 | 15.0% |
| Listings as % of Homes | 0.7% | 15.0% |
Days on Market | 25 | 226.0% |
Demographics — Norwood Young America, MN
As of the latest ACS Survey released in 2023, Norwood Young America, MN has a population of 1,860, which has decreased by -15.3% over the past 5 years. Norwood Young America, MN is a moderately popular place for families, as children make up 19.8% of the population. The area has a poorly educated workforce, with 22.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,860 | -15.3% |
% Under 18 | 19.8% | -3.4% |
% Seniors | 26.1% | 24.3% |
% WFH | 9.7% | 212.9% |
% w/ College Degree | 22.7% | 76.0% |
As of the latest ACS Survey released in 2023, Norwood Young America, MN is a predominantly white area, with 95.9% of the population identifying as white. The white population has grown by 1.3% in the last 5 years. The second most common race or ethnicity in Norwood Young America, MN is asian, making up 2.2% of the population. Foreign-born residents account for 2.3% of the population in Norwood Young America, MN, and this percentage has increased by 155.6% 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 | 95.9% | 1.3% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.1% | -96.7% |
% Asian | 2.2% | 633.3% |
% Foreign Born | 2.3% | 155.6% |
Mortgage and Risk — Norwood Young America, MN
Norwood Young America, MN lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Norwood Young America, MN
Norwood Young America, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 6.0% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,200 |
| 2 Bedroom | N/A | N/A | $1,460 |
| 3 Bedroom | N/A | N/A | $1,970 |
| 4 Bedroom | N/A | N/A | $2,240 |
Affordability — Norwood Young America, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $347,000 |
| Median Household Income | $76,700 |