Northwood, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Northwood, IA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Northwood Housing Market Information

With a population of 1,995, 925 total housing units (homes and apartments), and a median house value of $104,925, house prices in Northwood are solidly below the national average.

Single-family detached homes are the single most common housing type in Northwood, accounting for 78.57% of the city's housing units. Other types of housing that are prevalent in Northwood include duplexes, homes converted to apartments or other small apartment buildings ( 9.32%), large apartment complexes or high rise apartments ( 7.66%), and a few mobile homes or trailers ( 3.00%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Northwood. Owner-occupied housing accounts for 69.28% of Northwood's homes, and 54.04% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Northwood's housing was primarily built during this period, from the '40s through the '60s. A full 32.61% of the city's housing hails from this era. Other housing ages represented in Northwood include homes built before 1939 ( 31.06%) and housing constructed between 1970-1999 ( 26.29%). There's also some housing in Northwood built between 2000 and later ( 10.04%).

Northwood Home Appreciation Rates

Appreciation rates for homes in Northwood have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.44%, which ranks in the top 50% nationwide. This equates to an annual average Northwood house appreciation rate of 0.24%.

Over the last year, Northwood appreciation rates have trailed the rest of the nation. In the last twelve months, Northwood's appreciation rate has been -3.22%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Northwood were at 0.99%, which equates to an annual appreciation rate of 4.00%.

Relative to Iowa, our data show that Northwood's latest annual appreciation rate is lower than 90% of the other cities and towns in Iowa.

Average Home Values

 

Median Home Value:
$104,925

Northwood, IA HOME PRICES

Value Range
> $1,032,000 0.0
$773,001 - $1,032,000 0.0
$516,001 - $773,000 0.0
$413,001 - $516,000 0.4
$309,001 - $413,000 1.3
$206,001 - $309,000 13.1
$103,001 - $206,000 33.6
$52,001 - $103,000 35.3
$0 - $52,000 16.3

Low for IA
Low for Nation

Value Relative to Nation Value Relative to State
74.3788819875776 70.1234567901235

Number Of Homes And Apartments:
925

Northwood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
25.32% 1.32% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$701 / per month

Homeownership Rate

Homeownership
Owners 69.28
Renters 30.72
Vacant 4.24

Housing Market Details

 

Age of Homes

AGE OF Northwood HOMES
2000 or Newer 10.0
1970 - 1999 26.3
1940 - 1969 32.6
1939 or Older 31.1

Types of Homes

TYPE OF Northwood HOMES
Single-Family 78.6
Townhomes 1.4
Small Apt. Buildings 9.3
Apt. Complexes 7.7
Mobile Homes 3.0
Other 0.0

Home Size

SIZE OF Northwood HOMES
No Bedroom 0.00
1 Bedroom 11.18
2 Bedrooms 29.40
3 Bedrooms 41.30
4 Bedrooms 12.73
5 or more bedrooms 5.38

Popular Neighborhoods in Northwood

Zip Codes in Northwood, IA