Market Overview
Home Prices in Northwood, ND
The median home value in Northwood, ND is $257,301 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 11.1% compared to a year ago and down 0.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Northwood are priced37% below average. Northwood is part of the Grand Forks, ND-MN metro area.
Over the past five years, Northwood home values have risen by approximately0.3%, reflecting modest growth in this market.
Price History
Northwood Home Price Trend
City Comparison
Northwood vs. National Median
At $257,301, homes in Northwood cost 37% below the national median of $410,000. This makes Northwood a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Northwood?
20% Down Payment
$51,460
on $257,301
Monthly P&I
$1,342/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,704/mo
incl. taxes & insurance
Income Needed
$68,160
gross annual (30% rule)
10% Down Option
$25,730
+ PMI applies
Loan Amount (20% dn)
$205,841
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 Northwood, ND?
The median home value in Northwood is $257,301 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 11.1% year-over-year.
How much have home prices changed in Northwood?
Over the past year, home values in Northwood have increased by 11.1%. Over five years, prices have risen approximately 0.3%.
How much do I need to earn to buy a home in Northwood?
To comfortably afford the median home price of $257,301 with a 20% down payment ($51,460) at today's rates (6.8%), you'd need a gross annual income of approximately $68,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Northwood compare to the national average home price?
The national median home value is approximately $410,000. At $257,301, homes in Northwood are 37% below the national average.
What metro area is Northwood part of?
Northwood is part of the Grand Forks, ND-MN metropolitan area. Home prices and market conditions can vary across the broader metro region.