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Affordable
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These days, finding an affordable place to live in the Northwood area can be challenging. Home prices in Northwood are now at a median cost of $146,171, lower than the Iowa average of $226,062.
The average cost of rent is $871/mo in Northwood, primarily driven by the current value of real estate in the Northwood area. In Northwood, 14.87% of households rent, and 34.54% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Northwood is $5,494 per month. Households that rent pay about 15.86% of their income on rent here. Northwood’s most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Kensett, IA: equally priced homes
- Silver Lake, IA: higher priced homes
- Glenville, MN: higher priced homes
- Myrtle, MN: higher priced homes
- London, MN: higher priced homes
- Carpenter, IA: higher priced homes
- Manly, IA: less expensive homes
- Grafton, IA: higher priced homes
- Joice, IA: higher priced homes
- Hanlontown, IA: higher priced homes
Cities with Similar Populations
- East Lansdowne, PA: higher priced homes
- Patrick, SC: less expensive homes
- Pine River, MN: higher priced homes
- Bangs, TX: equally priced homes
- Godwin, NC: higher priced homes
- Galva, IL: less expensive homes
- Doyline, LA: less expensive homes
- Counce, TN: higher priced homes
- Cordes Lakes, AZ: higher priced homes
- Coolville, OH: equally priced homes
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