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Norwood Young America city, MN

ZIP 55397 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55397

Median Home Value
$334,500
Median Rent
$997
Affordability Snapshot
$92,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,149/mo PITI).

15%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.3x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

28.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 55397 in Norwood Young America city, MN, a household would need roughly $92,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,149. That is about 19% above the local median household income ($77,227), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
85.0%+30% vs US avg
x
Vacancy Rate
1.3%-88% vs US avg
x
Broadband Access
89.9%+3% vs US avg
x
4+ Bedrooms
6.9%-54% vs US avg
x
Built Pre-1939
4.4%-66% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
10.8%-78% vs US avg
x
Mortgage-Free
28.2%-26% vs US avg
x
$334,500
Home Value
$997
Rent
1979
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached73.7%
  • 1-unit attached12.5%
  • 2-9 units4.2%
  • 10+ units8.2%
  • Mobile home & other1.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$334,500
Median rent$997
Owner-occupied85.0%
Vacant1.3%
Price-to-income4.3x
Est. income to buy$92,000