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Norwood, IL
Full City Profile · Illinois · Peoria County County
3.0
/5.0
B
Good
501
Population
1,616/sq mi density
$68,750
Median Income
$25,646 per capita
$93,500
Home Value
$117,391 Zillow
$1,000
Median Rent
18.0% income on rent
53°F
Avg Temperature
275 sunny days/yr
340
Violent Crime/100K
3,445 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.3 / 5.0
$68,750 median income, 1.6% unemployment
A+
Affordability
5.0 / 5.0
$93,500 home value, $1,000/mo rent
F
Safety
1.0 / 5.0
340 violent crimes/100K
D
Education
1.5 / 5.0
6.5% bachelor's degree or higher
Housing Overview
Median Home Value
$93,500
67% below
US avg: $281,900
Median Rent
$1,000/mo
14% below
US avg: $1,163/mo
Homeownership Rate
88.1%
35% above US avg (65.4%)
Total Housing Units
206
Median year built: 1955
Home Value by Source
Census Median
$93,500
Zillow (ZHVI)
$117,391
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
88.1%
Owner-Occupied
11.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent:
$1,000/mo
Affordability & Housing Stock
Rent Burden
18.0%
of renters spending 30%+ of income on housing
42% below US avg (31.0%)
Median Year Built
1955
Average age of housing stock: 71 years
Homeownership Rate
88.1%
Complete Housing Data
Home Values
| Census Median Value | $93,500 |
| Zillow Home Value (ZHVI) | $117,391 |
Rent
| Census Median Rent | $1,000 |
| FMR Studio | $774 |
| FMR 1-Bedroom | $854 |
| FMR 2-Bedroom | $1,063 |
| FMR 3-Bedroom | $1,370 |
| FMR 4-Bedroom | $1,561 |
Market
Ownership & Stock
| Owner-Occupied | 88.1% |
| Renter-Occupied | 11.9% |
| Homeownership Rate | 88.1% |
| Total Housing Units | 206 |
| Median Year Built | 1955 |
| Rent Burden | 18.0% |