Zip 55368 (Norwood Young America, MN) Housing

Norwood Young America, MN has a median home value of $318,300, which is significantly lower than the US average of $338,100. Despite this difference, the area has seen a robust rate of appreciation over the past year with an increase of 6.82%. This is still slightly lower than the US average appreciation rate of 8.27%, but it indicates that this is an excellent time to invest in housing in Norwood Young America, MN as prices are still low and expected to rise in the future.

The median home cost in Norwood Young America (zip 55368) is $318,300. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Norwood Young America (zip 55368) is up 11.0%.

Average Age of Homes

- The median age of Norwood Young America (zip 55368) real estate is 43 years old

The Rental Market in Norwood Young America (zip 55368)

- Renters make up 32.3% of the Norwood Young America (zip 55368) population
- 1.3% of houses and apartments in Norwood Young America (zip 55368), 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
	848.0	139,647,020.0
	32	42
	$318,300	$338,100
	11.0%	16.6%
	45.3%	57.0%
	89.8%	101.1%
	$11.11	$10.98
	$2,441	$2,690
	60.6%	57.4%
	13.1%	11.2%
	26.3%	31.4%
Vacant Housing
	1.3%	1.9%
	0.0%	0.4%
	5.0%	0.7%
	3.2%	0.4%
	0.0%	3.6%
	3.7%	4.1%
Value of Owner-Occupied Housing
	1.2%	2.6%
	6.2%	2.4%
	1.4%	2.8%
	0.4%	3.9%
	0.2%	4.5%
	12.5%	11.3%
	18.9%	13.0%
	30.5%	20.1%
	11.3%	13.6%
	6.0%	8.3%
	6.8%	9.7%
	3.1%	3.9%
	1.0%	2.2%
	0.0%	0.8%
	0.6%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	20.2%	13.6%
	20.2%	13.6%
	11.8%	13.6%
	7.0%	13.2%
	7.9%	14.8%
	11.8%	13.6%
	9.1%	10.0%
	4.0%	4.7%
	19.2%	12.2%

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