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Norwood Young America, MN

Full City Profile · Minnesota · Carver County County

3.1 /5.0
B Good
3,866 Population 1,572/sq mi density
$67,857 Median Income $32,552 per capita
$289,400 Home Value $336,814 Zillow
$1,032 Median Rent 26.7% income on rent
44°F Avg Temperature 270 sunny days/yr
119 Violent Crime/100K 1,785 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.2 / 5.0
$67,857 median income, 2.5% unemployment
A
Affordability
4.3 / 5.0
$289,400 home value, $1,032/mo rent
F
Safety
1.0 / 5.0
119 violent crimes/100K
B
Education
3.1 / 5.0
26.1% bachelor's degree or higher

Housing Overview

Median Home Value
$289,400
3% above
US avg: $281,900
Median Rent
$1,032/mo
11% below
US avg: $1,163/mo
Homeownership Rate
75.9%
16% above US avg (65.4%)
Total Housing Units
1,411
Median year built: 1986

Home Value by Source

Census Median
$289,400
Zillow (ZHVI)
$336,814
Median Sale Price
$325,000
Median List Price
$367,400
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

75.9%
Owner-Occupied
24.1%
Renter-Occupied
76%
24%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent: $1,032/mo

Market Indicators (Redfin)

Median Days on Market
66 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$155
Active Inventory
8
homes for sale

Affordability & Housing Stock

Rent Burden
26.7%
of renters spending 30%+ of income on housing
14% below US avg (31.0%)
Median Year Built
1986
Average age of housing stock: 40 years
Homeownership Rate
75.9%

Complete Housing Data

Home Values

Census Median Value$289,400
Zillow Home Value (ZHVI)$336,814
Median Sale Price$325,000
Median List Price$367,400
Price Per Sq Ft$155

Rent

Census Median Rent$1,032
FMR Studio$809
FMR 1-Bedroom$899
FMR 2-Bedroom$1,125
FMR 3-Bedroom$1,483
FMR 4-Bedroom$1,698

Market

Days on Market66
Sale-to-List Ratio1.0%
Price Drops0.0%
Homes Sold1
Active Inventory8
Price Per Sq Ft$155

Ownership & Stock

Owner-Occupied75.9%
Renter-Occupied24.1%
Homeownership Rate75.9%
Total Housing Units1,411
Median Year Built1986
Rent Burden26.7%