How much do homeowners pay a month in Norwood Park Township, IL?

Name: Homeowner costs in Norwood Park Township, IL, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

Homeowners with a mortgage in Norwood Park Township, IL pay a median of $2,460 (±$140) a month in selected owner costs (2020–2024 American Community Survey).

Owners without a mortgage pay $907 (±$44).

45.9% of owned homes carry a mortgage.

In Norwood Park Township, the median monthly cost with a mortgage went from $2,047 in 2015–2019 to $2,460 in 2020–2024 (+20.2%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

With a mortgage: $2,460 (±$140)
Without a mortgage: $907 (±$44)
Owned with a mortgage: 45.9%

Monthly owner costs in Norwood Park Township

Median selected monthly owner costs, estimate (90% margin of error)
	Norwood Park Township	Cook County	Illinois	United States
With a mortgage	$2,460 (±$140)	$2,270 (±$10)	$1,987 (±$6)	$1,963
Without a mortgage	$907 (±$44)	$910 (±$7)	$792 (±$4)	$638
Owned homes with a mortgage	45.9% (±3.9 points)	62.4% (±0.4 points)	60.8% (±0.2 points)	60.6%
Median real estate taxes (a year)	$6,752 (±$234)	$6,191 (±$30)	$5,298 (±$22)	$3,119

Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.

In Norwood Park Township, the median cost with a mortgage is higher than in Cook County ($2,270).

It is also higher than in Illinois ($1,987).

It is higher than the national figure ($1,963).

In Cook County, Norwood Park Township ranks 44 of 148 places with a published estimate, from highest to lowest median monthly cost with a mortgage.

Statewide, it ranks 171 of 2,589.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How owner costs in Norwood Park Township have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median owner cost with a mortgage	$2,047 (±$82)	$2,460 (±$140)	+20.2%	No measurable change after inflation
Median real estate taxes	$5,925 (±$126)	$6,752 (±$234)	+14.0%	Down after inflation
Median home value	$302,600 (±$10,596)	$381,300 (±$12,669)	+26.0%	No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median monthly cost with a mortgage in places near Norwood Park Township

Nearest places with a published estimate, compared with Norwood Park Township
Place	Distance	Median monthly cost with a mortgage	Compared with this place
Norwood Park Township	—	$2,460 (±$140)	—
Norridge	0.4 mi	$2,276 (±$153)	Not measurably different
Harwood Heights	0.7 mi	$2,177 (±$212)	Lower
Schiller Park	2.7 mi	$2,138 (±$217)	Lower
Rosemont	3.1 mi	$2,314 (±$242)	Not measurably different
Elmwood Park	3.2 mi	$2,348 (±$118)	Not measurably different
River Grove	3.2 mi	$1,674 (±$209)	Lower
Park Ridge	3.2 mi	$3,312 (±$119)	Higher
Leyden Township	3.3 mi	$2,080 (±$69)	Lower

Nearby places with a measurably lower figure: Harwood Heights, IL ($2,177), Schiller Park, IL ($2,138), River Grove, IL ($1,674).

Nearby places with a measurably higher figure: Park Ridge, IL ($3,312).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median monthly cost with a mortgage across Cook County, place by place

Rank	Place	Median monthly cost with a mortgage
38	Olympia Fields	$2,567 (±$281)
39	Niles Township	$2,551 (±$68)
40	Skokie	$2,510 (±$89)
41	Prospect Heights	$2,506 (±$247)
42	Wheeling Township	$2,500 (±$72)
43	Lyons Township	$2,477 (±$87)
44	Norwood Park Township	$2,460 (±$140)
45	Palatine Township	$2,449 (±$67)
46	Orland Park	$2,427 (±$83)
47	Brookfield	$2,415 (±$95)
48	Maine Township (Cook County)	$2,407 (±$52)
49	Palatine	$2,356 (±$83)
50	Elmwood Park	$2,348 (±$118)

Showing 13 of 148 places in Cook County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

What you can do on Seayora in Norwood Park Township

One account for renting, owning, managing and fixing homes, with these figures beside you.

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Norwood Park Township beside you.

Create a landlord account · See what landlords get

Looking for a place to rent?

Browse homes for rent near Norwood Park Township, save the ones you like and apply online.

Browse rentals · Create a renter account

Do repairs, renovations or maintenance?

Get found by owners and renters near Norwood Park Township, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Norwood Park Township

What is the average mortgage payment in Norwood Park Township?

The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Norwood Park Township, IL is $2,460 (±$140) a month, including taxes, insurance and utilities.

How much does it cost to own a paid-off home in Norwood Park Township?

Owners without a mortgage in Norwood Park Township pay a median of $907 (±$44) a month in taxes, insurance, utilities and fees.

Has the cost of owning a home in Norwood Park Township gone up?

In Norwood Park Township, the median monthly cost with a mortgage went from $2,047 in 2015–2019 to $2,460 in 2020–2024 (+20.2%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Norwood Park township, Cook County, Illinois (county subdivision:54430, in state:17 county:031).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.