Skip to content
ZipNumbers

Illinois · Census place 54404

Norwood village, IL

Quick answer

Norwood village has 501 residents, ranking #942 of 1462 places in Illinois. Median household income is $68,750, the median home is worth $93,500 and median gross rent runs $1,000 a month.

Population
501Norwood village residents
Median household income
$68,750Past 12 months, inflation adjusted
Median home value
$93,500Owner-occupied units
Median gross rent
$1,000Rent plus utilities, monthly
Median age
37.5 yrsAll residents
Homeownership rate
88.1%Owner-occupied households

What the numbers mean in Norwood village

Housing cost measured against local earnings.

A household earning the Norwood village median would spend about 17.5% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 12.7% of residents and 88.1% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

Compare with nearby places

Places of similar size in Illinois.

More Illinois coverage.