Home

Norwood, IL Real Estate


According to census data in the year 2000 there were 188 housing units in Norwood. This represents a 0.5% growth from 187 in 1990.

Of those housing units, 188 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Norwood is about 95.5%. Norwood's vacancy rate, including seasonal lodging, is about 4.8%. Average household size is 2.5 people.

The majority of houses, apartments or condos in Norwood were built after 1956.

Statistics

Housing Size

Housing Units by Size
Studio Type1.60%
One Bedroom1.60%
Two Bedrooms40.40%
Three Bedrooms52.10%
Four Bedrooms2.10%
Five Bedrooms or more2.10%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.46
Median year structure was built1955
Median Value of occupied units$67,400
Median Price asked for vacant units$75,000

Rented Homes, Apartments and Condos

Average Household Size3.5
Median year structure was built1965

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0%
Home Equity Loan10.10%
Simple Mortgage50%
Debt Free39.90%
As % of Housing Units
     
Median part of Monthly Household Income dedicated to covering home ownership costs14.9%