Housing costs in Northwood?
A typical home costs
$152,100, which is 55.0% less expensive than the national average of
$338,100 and 22.0% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Northwood costs
$800 per month, which is 14.0% cheaper than the national average of
$930 and 3.8% cheaper than the state average of
$830.
Can I afford Northwood?
To live comfortably in Northwood (zip 50459), Iowa, a minimum annual income of
$29,160 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Northwood?
The cost of living in 50459 Northwood, IA is quite affordable overall. Rent prices tend to be lower than the national average, with median rent for a one bedroom apartment hovering around $605 per month. The local housing market has also been quite stable over the past few years, making it an ideal place to consider investing in real estate. Grocery costs are also lower than average across the board, especially when compared to other more metropolitan areas. Furthermore, Northwood enjoys low unemployment rates and a healthy job market that offers many opportunities to those looking for work. All in all, Northwood provides a great quality of life at an affordable price.