Northwood, IA Profile: Facts & Data

Northwood, Iowa - Basic Facts

The City of Northwood had a population of 1,971 as of July 1, 2024.

The primary coordinate point for Northwood is located at latitude 43.4441 and longitude -93.221 in Worth County. The formal boundaries for the City of Northwood encompass a land area of 3.76 sq. miles and a water area of 0 sq. miles. Worth County is in the Central time zone (GMT -6).

The City of Northwood has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Northwood is located within Township of Grove, a minor civil division (MCD) of Worth County.

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Northwood, IA Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	1,971 (100%)
Population in Households	1,932 (98.0%)
Population in Families	1,480 (75.1%)
Population in Group Quarters¹	39 ( 2.0%)
Population Density	495
Diversity Index²	17


INCOME
Median Household Income	$73,206
Average Household Income	$89,621
% of Income for Mortgage⁴	14%
Per Capita Income	$40,634
Wealth Index⁵	78
Socioeconomic Status Index⁶	Moderate (54.1)

HOUSING
Total HU (Housing Units)	977 (100%)
Owner Occupied HU	684 (70.0%)
Renter Occupied HU	209 (21.4%)
Vacant Housing Units	84 ( 8.6%)
Median Home Value	$157,965
Average Home Value	$196,272
Housing Affordability Index³	178

HOUSEHOLDS
Total Households	893
Average Household Size	2.16
Family Households	540
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

977 (100%)

Owner Occupied HU

684 (70.0%)

Renter Occupied HU

209 (21.4%)

Vacant Housing Units

84 ( 8.6%)

Median Home Value

$157,965

Average Home Value

$196,272

Housing Affordability Index³

178

HOUSEHOLDS

Total Households

893

Average Household Size

2.16

Family Households

540

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-1.17%	-0.65%
Households	-0.57%	-0.38%
Families		-1.18%
Median Household Income		1.61%
Per Capita Income		2.46%
Owner Occupied HU		0.20%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

-1.17%

-0.65%

Households

-0.57%

-0.38%

Families

-1.18%

Median Household Income

1.61%

Per Capita Income

2.46%

Owner Occupied HU

0.20%

Northwood, IA - Peer Comparisons by Rank and Percentile

The table below compares Northwood to the other 1,026 incorporated cities, towns and CDPs in Iowa by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 172	83rd
Population Density	# 608	41st
Median Household Income	# 534	48th
Housing Affordability Index	# 837	82nd
Per Capita Income	# 505	51st
Diversity Index	# 443	56th

Variable Description

Rank

Percentile

Total Population

# 172

83rd

Population Density

# 608

41st

Median Household Income

# 534

48th

Housing Affordability Index

# 837

82nd

Per Capita Income

# 505

51st

Diversity Index

# 443

56th

Iowa Census Data Comparison Tool

Northwood, IA Profile: Facts & Data

Northwood, Iowa - Basic Facts

Northwood, IA Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Northwood, IA - Peer Comparisons by Rank and Percentile

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Worth County