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 Type | 1.60% |
| One Bedroom | 1.60% |
| Two Bedrooms | 40.40% |
| Three Bedrooms | 52.10% |
| Four Bedrooms | 2.10% |
| Five Bedrooms or more | 2.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.46 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $67,400 |
| Median Price asked for vacant units | $75,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.5 |
| Median year structure was built | 1965 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 10.10% |
| Simple Mortgage | 50% |
| Debt Free | 39.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.9% |
