Market Overview
Home Prices in Norwood, CO
The median home value in Norwood, CO is $469,519 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.4% compared to a year ago and up 0.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Norwood are priced15% above average.
Over the past five years, Norwood home values have risen by approximately18.8%, reflecting steady appreciation in this market.
Price History
Norwood Home Price Trend
2020
$320,255
$320K
—
2021
$395,353
$395K
+23.4%
2022
$467,639
$468K
+18.3%
2023
$479,074
$479K
+2.4%
2024
$472,778
$473K
-1.3%
2025
$476,183
$476K
+0.7%
2026
$469,519
$470K
-1.4%
City Comparison
Norwood vs. National Median
🏠 Norwood
$469,519
National Median
$410,000
At $469,519, homes in Norwood cost 15% above the national median of $410,000. Buyers in Norwood should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Norwood?
20% Down Payment
$93,904
on $469,519
Monthly P&I
$2,449/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,110/mo
incl. taxes & insurance
Income Needed
$124,400
gross annual (30% rule)
10% Down Option
$46,952
+ PMI applies
Loan Amount (20% dn)
$375,615
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Norwood, CO?
The median home value in Norwood is $469,519 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.4% year-over-year.
How much have home prices changed in Norwood?
Over the past year, home values in Norwood have decreased by 1.4%. Over five years, prices have risen approximately 18.8%.
How much do I need to earn to buy a home in Norwood?
To comfortably afford the median home price of $469,519 with a 20% down payment ($93,904) at today's rates (6.8%), you'd need a gross annual income of approximately $124,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Norwood compare to the national average home price?
The national median home value is approximately $410,000. At $469,519, homes in Norwood are 15% above the national average.