Zip 81423 (Norwood, CO) Housing

The housing market in Norwood, CO 81423 is a thriving one, with the median value for homes in the area being $424,800. This is significantly higher than the median US house value of $338,100 and shows that Norwood has seen a solid increase in home values recently. The US house appreciation rate over the past year was 8.27%, while Norwood saw an impressive 20.57% increase in home values. This increase puts Norwood ahead of many other towns across the country and makes it a great place to invest in real estate.

The median home cost in Norwood (zip 81423) is $424,800. Home appreciation the last 10 years has been 104.1%. Home Appreciation in Norwood (zip 81423) is up 17.7%.

Average Age of Homes

- The median age of Norwood (zip 81423) real estate is 29 years old

The Rental Market in Norwood (zip 81423)

- Renters make up 14.0% of the Norwood (zip 81423) population
- 1.7% of houses and apartments in Norwood (zip 81423), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Norwood, Colorado	United States
	822.0	139,647,020.0
	32	42
	$424,800	$338,100
	17.7%	16.6%
	72.3%	57.0%
	104.1%	101.1%
	$2.31	$10.98
	$728	$2,690
	61.9%	57.4%
	15.0%	11.2%
	23.1%	31.4%
Vacant Housing
	1.7%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	7.8%	3.6%
	5.5%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	5.3%	2.8%
	1.8%	3.9%
	2.9%	4.5%
	8.8%	11.3%
	4.3%	13.0%
	23.4%	20.1%
	22.2%	13.6%
	4.5%	8.3%
	9.0%	9.7%
	6.5%	3.9%
	5.7%	2.2%
	0.0%	0.8%
	5.5%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	24.0%	13.6%
	24.0%	13.6%
	20.7%	13.6%
	16.8%	13.2%
	13.9%	14.8%
	20.7%	13.6%
	6.2%	10.0%
	2.1%	4.7%
	9.7%	12.2%

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