Home prices
Norwood's median home price is $195,800. In comparison to the surrounding areas this is about $192,360 (49%) lower.It is approximately $21,700 (9%) lower compared to the country as a whole, and compared to the city of Grand Junction it is about $41,300 (17%) lower.
Rents
Norwood's median rent is $976 a month. This is roughly $44 (4%) higher in comparison to its surrounding areas.It is approximately $86 (8%) lower compared to the entire country, and compared to the city of Grand Junction it is about $41 (4%) higher.
Nearby places
Naturita
Naturita is about 14 miles northwest from Norwood. Housing prices there are substantially less expensive. The median home in Naturita costs $124,400, which works out to $71,400 (57%) lower than Norwood. Rents there are substantially less expensive. The median monthly rent in Naturita is $625, which works out to $351 (56%) lower than Norwood.
Nucla
Nucla is about 15 miles northwest of Norwood. Its housing prices are a lot less expensive. The median home in Nucla is valued at $118,200, which is $77,600 (65%) lower than Norwood. Rents there are a lot less expensive. Nucla's median rent is $650 per month, which works out to $326 (50%) lower than Norwood.
Loghill Village
Loghill Village is approximately 24 miles east of Norwood. Real estate prices there are significantly more expensive. Loghill Village's median home price is $556,800, which works out to $361,000 (64%) higher than Norwood. Rent there is a lot more expensive. In Loghill Village the median rent is $1,481 a month, which is $505 (34%) higher than Norwood.
Mountain Village
Mountain Village is approximately 24 miles southeast of Norwood. Its housing prices are a lot more expensive. Mountain Village's median home value is $739,900, which comes out to $544,100 (73%) higher than Norwood. Its rents are a little less expensive. Mountain Village's median rent is $783 per month, which works out to $193 (24%) lower than Norwood.
Ridgway
Ridgway is about 25 miles east from Norwood. The housing prices there are significantly more expensive. Ridgway's median home cost is $401,500, which is $205,700 (51%) higher than Norwood. The rent there is somewhat more expensive. Ridgway's median monthly rent is $1,120, which works out to $144 (12%) higher than Norwood.
