Norwood, CO
Full City Profile · Colorado · San Miguel County County
3.4
/5.0
B
Good
565
Population
1,614/sq mi density
$56,324
Median Income
$32,821 per capita
$341,800
Home Value
$452,780 Zillow
$1,357
Median Rent
31.5% income on rent
47°F
Avg Temperature
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
C+
Economy
2.8 / 5.0
$56,324 median income, 9.8% unemployment
B
Affordability
3.2 / 5.0
$341,800 home value, $1,357/mo rent
A
Education
4.1 / 5.0
38.9% bachelor's degree or higher
Housing Overview
Median Home Value
$341,800
21% above
US avg: $281,900
Median Rent
$1,357/mo
17% above
US avg: $1,163/mo
Homeownership Rate
59.8%
9% below US avg (65.4%)
Total Housing Units
263
Median year built: 1980
Home Value by Source
Census Median
$341,800
Zillow (ZHVI)
$452,780
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
59.8%
Owner-Occupied
40.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,083/mo
1 Bedroom
$1,161/mo
2 Bedroom
$1,429/mo
3 Bedroom
$1,861/mo
4 Bedroom
$2,178/mo
Census median rent:
$1,357/mo
Affordability & Housing Stock
Rent Burden
31.5%
of renters spending 30%+ of income on housing
2% above US avg (31.0%)
Median Year Built
1980
Average age of housing stock: 46 years
Homeownership Rate
59.8%
Complete Housing Data
Home Values
| Census Median Value | $341,800 |
| Zillow Home Value (ZHVI) | $452,780 |
Rent
| Census Median Rent | $1,357 |
| FMR Studio | $1,083 |
| FMR 1-Bedroom | $1,161 |
| FMR 2-Bedroom | $1,429 |
| FMR 3-Bedroom | $1,861 |
| FMR 4-Bedroom | $2,178 |
Market
Ownership & Stock
| Owner-Occupied | 59.8% |
| Renter-Occupied | 40.2% |
| Homeownership Rate | 59.8% |
| Total Housing Units | 263 |
| Median Year Built | 1980 |
| Rent Burden | 31.5% |