Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Norwood area can be challenging. Home prices in Norwood are now at a median cost of $302,693, lower than the Colorado average of $430,259.
The average cost of rent is $1,157/mo in Norwood, primarily driven by the current value of real estate in the Norwood area. While nearly 60.75% of residents own their homes outright in Norwood, 26.23% rent.
Housing affordability isn’t just about home prices, though. The average household income in Norwood is $5,165 per month. Households that rent pay about 22.40% of their income on rent here. Norwood's most expensive areas are in the northern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Redvale, CO: less expensive homes
- Naturita, CO: less expensive homes
- Nucla, CO: less expensive homes
- Placerville, CO: higher priced homes
- Vancorum, CO: less expensive homes
- Ridgway, CO: higher priced homes
- Ouray, CO: higher priced homes
- Lake City, CO: higher priced homes
- Powderhorn, CO: higher priced homes
- Saguache, CO: less expensive homes
Cities with Similar Populations
- Albion, ME: less expensive homes
- Wood Heights, MO: less expensive homes
- Windthorst, TX: less expensive homes
- White Plains, GA: higher priced homes
- Westbrook, MN: less expensive homes
- West Siloam Springs, OK: less expensive homes
- West Enfield, ME: less expensive homes
- Waveland, IN: less expensive homes
- Waubun, MN: less expensive homes
- Walhalla, ND: less expensive homes
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