Northwood, ND—58267
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Northwood, ND
As of Oct '25, the median home price in Northwood, ND is $213,000, with a year-over-year change of 1.3%. This indicates that home prices in Northwood, ND are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $213,000 | 1.3% |
| Single Family | $213,000 | 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 | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Northwood, ND
Northwood, ND 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 — Northwood, ND
As of Oct '25, Realtor.com reports that the median days on market for a home in Northwood, ND is 108. This is a increase of 12.0% 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 | $353,000 | 51.0% |
Listing Count | 7 | 26.0% |
| Listings as % of Homes | 0.7% | 26.0% |
Days on Market | 108 | 12.0% |
Demographics — Northwood, ND
As of the latest ACS Survey released in 2023, Northwood, ND has a population of 1,480, which has increased by 10.0% over the past 5 years. Northwood, ND is a popular place for families, as children make up 29.2% of the population. The area has a moderately educated workforce, with 30.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,480 | 10.0% |
% Under 18 | 29.2% | 11.0% |
% Seniors | 24.1% | -16.0% |
% WFH | 0.3% | -96.5% |
% w/ College Degree | 30.9% | -4.3% |
As of the latest ACS Survey released in 2023, Northwood, ND is a predominantly white area, with 95.9% 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 Northwood, ND is hispanic, making up 0.7% of the population. Foreign-born residents account for 0.0% of the population in Northwood, ND, and this percentage has decreased by 100.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.9% | -2.2% |
% Black | 0.1% | -88.9% |
% Hispanic | 0.7% | 75.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Northwood, ND
According to HUD data as of 2023, there were 33 mortgage originations in Northwood, ND, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Northwood, ND. Investor activity is low, as 3.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 33 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Northwood, ND
Northwood, ND 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 | 13.1% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $740 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,310 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Northwood, ND
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $213,000 |
| Median Household Income | $87,500 |