Norwood, CO housing market
The typical Norwood home is worth about $453,000, down 0.5% in a year, 15% below the Colorado typical home.
Home values, sales, trends and how Norwood compares with the towns next door — updated as new data is published.
Norwood at a glance
Typical home value, 2019–2026
Show as a table
| January | Norwood | Colorado |
|---|---|---|
| 2020 | $299,000 | $406,000 |
| 2021 | $342,000 | $444,000 |
| 2022 | $394,000 | $523,000 |
| 2023 | $449,000 | $548,000 |
| 2024 | $455,000 | $549,000 |
| 2025 | $463,000 | $555,000 |
| 2026 | $460,000 | $542,000 |
| August 2026 | $453,000 | $533,000 |
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,580
HUD's Fair Market Rent for a two-bedroom in Norwood is $1,580 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Norwood pay a median of $1,618.
Studio $1,190 · 4 bedrooms $2,530
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (81423; Montrose County, CO), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.