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Norwood Elementary School District 63

Learn about the people, housing, costs and businesses in Norwood Elementary School District 63, Illinois

Median Home$151,542
Median Rent$904/month
Population3,507
Leading IndustriesProfessional Services · Arts, Food & Hospitality · Education4% professional services
Home Value Growth+3.1% over 2 years
Retirees21% of residentsslightly above average
Homeowners85% of occupied units
NotableHighly Educated27% bachelor's · 12% graduate · top 10% nationally
NotableAffordable Market$152k median home · lower cost than 92% of the country
Norwood Elementary School District 63
IL

Explore Norwood Elementary School District 63

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Norwood Elementary School District 63?

As of today, the 30-year fixed mortgage rate for Norwood Elementary School District 63 is approximately 7.429% (7.447% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Norwood Elementary School District 63?

The median home value in Norwood Elementary School District 63 is $152k. The median monthly rent is $904. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Norwood Elementary School District 63?

Home values in Norwood Elementary School District 63 have increased 3.1% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Norwood Elementary School District 63?

Based on a typical all-in ownership cost of $956/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Norwood Elementary School District 63 is $68k/year.

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What industries drive the economy in Norwood Elementary School District 63?

The largest employment sectors in Norwood Elementary School District 63 are public administration (21%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.