House Prices

House Prices & Home Values Norwood, CO 2026


Average Data

average house price$526,750
average size per house1791 ft²
average price per ft²295 $ / ft²

05/20/2026 - The value range (VR) for house prices in Norwood, CO is $330/ sqft to $330/ sqft. An average home with 1791 sqft costs approximately $591,030 to $591,030. Norwood, CO includes 1 ZIP codes and it is located in San Miguel county. The lowest prices are found in ZIP 81423, while the highest are in ZIP 81423. The average price per sqare feet is $295. Our analysis is based on 4 property listings.

Avergage prices by ZIP codes Norwood

81423318 $ / ft²




Historical development of home values in Norwood

Year Estimated value (USD) Change vs. 2025
2010 $244,632 -53.6%
2011 $235,172 -55.4%
2012 $234,539 -55.5%
2013 $243,306 -53.8%
2014 $255,404 -51.5%
2015 $268,512 -49.0%
2016 $282,525 -46.4%
2017 $297,774 -43.5%
2018 $314,236 -40.3%
2019 $328,807 -37.6%
2020 $345,805 -34.4%
2021 $393,316 -25.3%
2022 $458,518 -13.0%
2023 $483,528 -8.2%
2024 $511,501 -2.9%
2025 $526,750 0.0%

Graph: estimated home values in Norwood over time (USD)



Example: 100% financing house in Norwood

Loan amount: $526,750

Interest rate: 6.00%

Fixed monthly payment: $3,158.13

Breakdown in the 1st month:
Interest portion: $2,633.75  –  Principal portion: $524.38

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $31,429.04 $6,468.55 $520,281.45
2 $31,030.07 $6,867.52 $513,413.93
3 $30,606.50 $7,291.09 $506,122.84
4 $30,156.80 $7,740.79 $498,382.05
5 $29,679.36 $8,218.22 $490,163.82
6 $29,172.48 $8,725.11 $481,438.72
7 $28,634.34 $9,263.25 $472,175.47
8 $28,063.00 $9,834.59 $462,340.88
9 $27,456.42 $10,441.17 $451,899.71
10 $26,812.43 $11,085.15 $440,814.56
11 $26,128.73 $11,768.86 $429,045.69
12 $25,402.85 $12,494.74 $416,550.95
13 $24,632.20 $13,265.39 $403,285.57
14 $23,814.02 $14,083.57 $389,202.00
15 $22,945.38 $14,952.21 $374,249.79
16 $22,023.16 $15,874.43 $358,375.36
17 $21,044.06 $16,853.53 $341,521.83
18 $20,004.57 $17,893.02 $323,628.81
19 $18,900.97 $18,996.62 $304,632.18
20 $17,729.30 $20,168.29 $284,463.89
21 $16,485.36 $21,412.23 $263,051.66
22 $15,164.70 $22,732.89 $240,318.77
23 $13,762.59 $24,135.00 $216,183.77
24 $12,273.99 $25,623.60 $190,560.17
25 $10,693.58 $27,204.00 $163,356.17
26 $9,015.70 $28,881.89 $134,474.28
27 $7,234.33 $30,663.26 $103,811.02
28 $5,343.09 $32,554.50 $71,256.52
29 $3,335.20 $34,562.39 $36,694.13
30 $1,203.46 $36,694.13 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Norwood, CO


1500 sqft3900 sqft
Ø selling price$535,426$1,138,995
Ø fast selling$486,751$1,025,096
Ø high price sale$584,100$1,252,895

In 2026, houses in Norwood, CO will be offered at an average price of $295 per square foot. A 1,500 sqft home priced at $535,426 is 22.10% more expensive per square foot than a 3,900 sqft home priced at $1,138,995. Home prices in Norwood, CO vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $788,536. Sellers who can wait longer may achieve a higher price of up to $963,766.


Norwood, Colorado

Overview

Set on Wrights Mesa in San Miguel County, Norwood, Colorado is a friendly high-desert town known for big skies and bigger views.

Just 33 miles west of Telluride along State Highway 145, Norwood CO delivers mountain access without the resort crowds.

Its elevation and open mesa landscapes create four distinct seasons, colorful sunsets, and a classic Western backdrop.


Outdoor Recreation

Adventure surrounds town with hiking and mountain biking on the Uncompahgre Plateau, plus boating and fishing at Miramonte Reservoir in Dan Noble State Wildlife Area.

Hunters, anglers, and campers use Norwood as a base for the San Miguel River corridor, Lone Cone trails, and quiet backroads.


Lifestyle and Community

Norwood blends ranching roots with creative small businesses, local eateries, and community events at the fairgrounds and town parks.

Designated an International Dark Sky Community, nights here showcase brilliant stargazing and Milky Way views.


Real Estate and Economy

Real estate in Norwood CO features spacious lots, horse properties, and more attainable prices than nearby resort towns.

The local economy spans agriculture, construction trades, outdoor services, and remote work supported by improving broadband connectivity.


Getting There

Travel is simple via CO-145 and regional airports in Telluride (TEX) and Montrose (MTJ), connecting Norwood to the rest of Colorado and the Rockies.



FAQ – Home Values in Norwood

What is the median home value in Norwood in 2026?

In 2026, the typical home value in Norwood is about $526,750 for an average home size of 1791 square feet. This corresponds to an average price of roughly $295 per square foot.

What is the average cost per square foot in Norwood?

In 2026, homes in Norwood sell for an average of around $295 per square foot, with a typical range between $330 and $330 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Norwood is about 1791 square feet, with an estimated 2026 value around $526,750.



Locations close to Norwood, CO

Nucla, CO87 $ / ft²
Olathe, CO258 $ / ft²
Ophir, CO1588 $ / ft²
Naturita, CO392 $ / ft²
Hotchkiss, CO206 $ / ft²
Eckert, CO161 $ / ft²




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