Northwood First-Time Homebuyer Report for January

Northwood is the sixth-most expensive neighborhood in Irvine with a cost of living adjustment score of 187.3. It also happens to be expensive when compared to the rest of the city, with a median income of $97,429 per household. Homes in Northwood are relatively new with a median age of 12 years. The top schools in the neighborhood are Westwood Basics Plus Elementary School, Sierra Vista Middle School, and Northwood High School.

Price Range

The median value of homes in Northwood is $525,508, making the area almost identical to others in Irvine. At the same time, the average list price of available homes is presently $895,907. The Northwood market has established a confirmed upward trend, even as sales fell 18.4% this week to 31 homes over the last 30 days.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Northwood:

$1.1M   $628K   $850K  

Typical Dwelling

The typical dwelling in Northwood is a four-bedroom detached home worth about $1,009,225. To purchase a similar home, a buyer with good credit and a $201,845 cash down payment could obtain a mortgage with a 3.95% interest rate and a $3,868 monthly payment. The property tax rate is $7.36 per $1,000 of taxable assessed value.

Get started right now by checking out Northwood homes for sale or reviewing Northwood real estate trends.


Data reported through 1/12/2017

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