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Minnesota · Census place 47520

Norwood Young America city, MN

Quick answer

Norwood Young America city has 3,866 residents, ranking #182 of 914 places in Minnesota. Median household income is $67,857, the median home is worth $289,400 and median gross rent runs $1,032 a month.

Population
3,866Norwood Young America city residents
Median household income
$67,857Past 12 months, inflation adjusted
Median home value
$289,400Owner-occupied units
Median gross rent
$1,032Rent plus utilities, monthly
Median age
38.5 yrsAll residents
Homeownership rate
75.9%Owner-occupied households

What the numbers mean in Norwood Young America city

Housing cost measured against local earnings.

A household earning the Norwood Young America city median would spend about 18.3% 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 4.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 9.6% of residents and 75.9% of households own their home.

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

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