Norwood Young America, MN—55397
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 $337,000, with a year-over-year change of 2.5%. 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 | $337,000 | 2.5% |
| Single Family | $338,000 | 2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $276,000 | 2.2% |
3 Bed | $329,000 | 2.2% |
4 Bed | $370,000 | 2.5% |
| 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 81. This is a increase of 57.0% 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 | $327,000 | -14.0% |
Listing Count | 9 | 57.0% |
| Listings as % of Homes | 0.7% | 57.0% |
Days on Market | 81 | 57.0% |
Demographics — Norwood Young America, MN
As of the latest ACS Survey released in 2023, Norwood Young America, MN has a population of 3,340, which has increased by 18.1% over the past 5 years. Norwood Young America, MN is a moderately popular place for families, as children make up 23.2% of the population. The area has a moderately educated workforce, with 25.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,340 | 18.1% |
% Under 18 | 23.2% | -1.3% |
% Seniors | 17.2% | 41.0% |
% WFH | 10.2% | 161.5% |
% w/ College Degree | 25.4% | -3.8% |
As of the latest ACS Survey released in 2023, Norwood Young America, MN is a predominantly white area, with 89.4% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Norwood Young America, MN is hispanic, making up 8.3% of the population. Foreign-born residents account for 5.0% of the population in Norwood Young America, MN, and this percentage has increased by 455.6% 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 | 89.4% | -2.2% |
% Black | 0.0% | -100.0% |
% Hispanic | 8.3% | 8,200.0% |
% Asian | 0.4% | -20.0% |
% Foreign Born | 5.0% | 455.6% |
Mortgage and Risk — Norwood Young America, MN
According to HUD data as of 2023, there were 101 mortgage originations in Norwood Young America, MN, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Norwood Young America, MN. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 101 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
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 | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | N/A |
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 | 4.1 |
| Median Home Price | $337,000 |
| Median Household Income | $77,200 |