Zip 55397 (Norwood Young America, MN) Housing

The housing market in Norwood Young America, Minnesota (55397) is currently at a median value of $303,000, which is slightly lower than the US median value of $338,100. In the past year, homes in this area have seen an appreciation rate of 6.82%, which is lower than the national average of 8.27%. Despite this deficit in growth potential, Norwood Young America offers an excellent option for those looking for reasonably-priced housing near Minneapolis and other nearby cities.

The median home cost in Norwood Young America (zip 55397) is $303,000. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Norwood Young America (zip 55397) is up 11.0%.

Average Age of Homes

- The median age of Norwood Young America (zip 55397) real estate is 41 years old

The Rental Market in Norwood Young America (zip 55397)

- Renters make up 21.3% of the Norwood Young America (zip 55397) population
- 0.0% of houses and apartments in Norwood Young America (zip 55397), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Norwood Young America, Minnesota	United States
	1,121.0	139,647,020.0
	44	42
	$303,000	$338,100
	11.0%	16.6%
	45.3%	57.0%
	89.8%	101.1%
	$9.46	$10.98
	$2,664	$2,690
	82.9%	57.4%
	1.7%	11.2%
	15.4%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.2%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	1.5%	4.1%
Value of Owner-Occupied Housing
	4.1%	2.6%
	4.1%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.2%	4.5%
	7.6%	11.3%
	8.2%	13.0%
	29.7%	20.1%
	30.2%	13.6%
	4.2%	8.3%
	5.0%	9.7%
	6.1%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	11.1%	13.6%
	11.1%	13.6%
	11.8%	13.6%
	10.0%	13.2%
	20.7%	14.8%
	11.8%	13.6%
	7.0%	10.0%
	5.3%	4.7%
	16.1%	12.2%

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