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These days, finding an affordable place to live in the Norwood Young America area can be challenging. Home prices in Norwood Young America are now at a median cost of $300,746, lower than the Minnesota average of $345,793.
The average cost of rent is $1,017/mo in Norwood Young America, primarily driven by the current value of real estate in the Norwood Young America area. In Norwood Young America, 24.56% of households rent, and 29.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Norwood Young America is $5,963 per month. Households that rent pay about 17.05% of their income on rent here. Norwood Young America’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Young America, MN: higher priced homes
- Hamburg, MN: higher priced homes
- Norwood, MN: higher priced homes
- Plato, MN: higher priced homes
- Cologne, MN: higher priced homes
- Green Isle, MN: higher priced homes
- Waconia, MN: higher priced homes
- Mayer, MN: higher priced homes
- Gotha, MN: higher priced homes
- New Germany, MN: higher priced homes
Cities with Similar Populations
- Starr, SC: less expensive homes
- McLendon-Chisholm, TX: higher priced homes
- Sunnyslope, WA: higher priced homes
- Port Vue, PA: less expensive homes
- Meadow Vista, CA: higher priced homes
- Meadowbrook, CA: higher priced homes
- Pound, VA: less expensive homes
- Powell Butte, OR: higher priced homes
- Strasburg, OH: less expensive homes
- Presidio, TX: less expensive homes
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