Norwood, Colorado.
Typical home $461,677 (-0.3% in a year).
to buy the typical home at today's mortgage rate — +$1,316 (+119%) since Jan 2020.
- 1 year
- Down $1,458 -0%
- $463,135$461,677 since Sep 2025
- 5 years
- Up $69,239 +18%
- $392,438$461,677 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Norwood$2,423
- Colorado$2,777
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 21 years.
Typical home values in Norwood, CO fell 0.3% over the past year — slower than the nation's +1.2%.
Living in Norwood, San Miguel County, Colorado
Norwood is a town of 535 people in San Miguel County. Half its households earn more than $57,417 a year and half less, against $79,024 across San Miguel County. Unemployment in San Miguel County was 3.5% in August 2026, and the county had about as many jobs in 2025 as the year before. The most people in San Miguel County work in restaurants and hotels, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 24 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Norwood is a very small town in San Miguel County, Colorado, where people tend to know one another. Household incomes here run well below the county's, and the typical home is valued well above what the town's incomes might suggest. Winters are cold and snowy, with January the coldest month, and summers are warm without being extreme.
Work. Residents work mostly in restaurants, hotels and entertainment, in professional and business services, in shops, and in schools, hospitals and social care. Across San Miguel County, the largest workplaces include the Telluride school district and the Norwood school district. Unemployment in the county is higher than it was a year ago, and the number of jobs has held about level.
Things to do. Several protected lands lie within a longer drive, among them Uncompahgre National Forest and Mount Sneffels Wilderness. Telluride Ski Resort, a ski area, is also a longer drive away, as is Ridgway Reservoir, a reservoir for time on the water. With a good deal of snow each year, winters suit those who like the mountains in the cold months.
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What people in San Miguel County work in
Employed residents by industry, from the Census survey. San Miguel County had 6,079 jobs in 2025, about as many as the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 39° and lows near 13°; warmest in July, with highs near 85° and lows near 53°. About 60 inches of snow and 16 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Norwood weather station, under a mile away (NOAA).
Largest workplaces in San Miguel County
- Telluride School District No. R-1School district106FTE
- Norwood School District No. R-2JSchool district48FTE
- Fortenberry & RicksHome builders, single-family38
- Nocturne Luxury VillasVacation and recreation land rental or leasing31
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 2 workplaces with 20 or more staff, 69 people in all across the county; Norwood has none of its own. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- LightningVery high
- AvalanchesRelatively high
- LandslidesRelatively moderate
- WildfireRelatively moderate
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Norwood’s census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on San Miguel County.
Norwood home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Norwood$461,677
- Colorado$529,013
- United States$366,157
Sellers are cutting prices on about 1 in 5 Norwood listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Norwood20.36%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Norwood25
New listings per month
Sellers arriving at the market.
Not enough data to draw this yet.
Zip codes with a Norwood address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Norwood — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.