The housing market in Norwood, CO is thriving. The median value of a house in Norwood is $416,500, which is significantly higher than the US median value of $338,100. Over the past year, the US housing market has appreciated by 8.27%, while Norwood's appreciation rate is even higher at 20.57%. This means that those who own property in this area are likely to see greater returns on investment than they would elsewhere. These figures demonstrate that Norwood is a great place for potential home buyers and investors alike.
The median home cost in Norwood is $416,500. Home appreciation the last 10 years has been 104.1%. Home Appreciation in Norwood is up 17.7%.
Average Age of Homes
- The median age of Norwood real estate is 45 years old
The Rental Market in Norwood
- Renters make up 30.3% of the Norwood population
- 5.8% of houses and apartments in Norwood, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.