Northwood, IA Real Estate
According to census data in the year 2000 there were 985 housing units in Northwood.
This represents a 11.7% growth from 882 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 985 were located in what is classified as a rural area.
Homeownership rate in Northwood is about 72%.
Northwood's vacancy rate, including seasonal lodging, is about 7.1%.
Average household size is 2.13 people.
The majority of houses, apartments or condos in Northwood were built after 1951.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1% |
| One Bedroom | 14.50% |
| Two Bedrooms | 32.90% |
| Three Bedrooms | 36.60% |
| Four Bedrooms | 12.50% |
| Five Bedrooms or more | 2.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.29 |
| Median year structure was built | 1948 |
| Median Value of occupied units | $57,200 |
| Median Price asked for vacant units | $22,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.72 |
| Median year structure was built | 1963 |
| Median Monthly Rent asked for vacant units | $240 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5% |
| Home Equity Loan | 2.20% |
| Simple Mortgage | 49.20% |
| Debt Free | 43.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.2% |
