Market Overview
Home Prices in Norwood Young America, MN
The median home value in Norwood Young America, MN is $352,270 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.2% compared to a year ago and up 2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Norwood Young America are priced14% below average. Norwood Young America is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Norwood Young America home values have risen by approximately16.7%, reflecting steady appreciation in this market.
Price History
Norwood Young America Home Price Trend
City Comparison
Norwood Young America vs. National Median
At $352,270, homes in Norwood Young America cost 14% below the national median of $410,000. This makes Norwood Young America a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Norwood Young America?
20% Down Payment
$70,454
on $352,270
Monthly P&I
$1,837/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,333/mo
incl. taxes & insurance
Income Needed
$93,320
gross annual (30% rule)
10% Down Option
$35,227
+ PMI applies
Loan Amount (20% dn)
$281,816
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Norwood Young America, MN?
The median home value in Norwood Young America is $352,270 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.2% year-over-year.
How much have home prices changed in Norwood Young America?
Over the past year, home values in Norwood Young America have increased by 2.2%. Over five years, prices have risen approximately 16.7%.
How much do I need to earn to buy a home in Norwood Young America?
To comfortably afford the median home price of $352,270 with a 20% down payment ($70,454) at today's rates (6.8%), you'd need a gross annual income of approximately $93,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Norwood Young America compare to the national average home price?
The national median home value is approximately $410,000. At $352,270, homes in Norwood Young America are 14% below the national average.
What metro area is Norwood Young America part of?
Norwood Young America is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.