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81423, Norwood, CO Housing Market

Hyperlocal market intelligence for ZIP code 81423 in CO. Located in San Miguel County, CO. Part of the Montrose, CO metro area.

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81423, Norwood, CO market data

PropertyIQ Score 39F
Median Price
$481K
Rent (ZORI)
$2K
Median DOM
103 days
YoY
+2.6%
What drives the score
Home value YoY: +2.6%3-mo momentum: +2.5%Days on market: 103 daysPrice-reduced share: 0.0%
Data through Jun 2026 · Source: Zillow, hud_fmr, Realtor.com

81423, Norwood, CO Housing Market Overview

ZIP code 81423's median home value is $481K, up 2.6% over the past year. Homes here sell in a median 103 days. Its PropertyIQ Score of 39 sits below the state average of 50, marking a market positioned to lag its state over the next three years.

81423, Norwood, CO is one of nearly 20,000 U.S. ZIP codes that PropertyIQ analyzes with AI-powered demand signal scoring. ZIP-level analysis provides the most hyperlocal view of housing market dynamics available, measuring how demand within 81423 compares to the CO state average and identifying outperformance potential before it appears in price data.

Mountain West ZIP codes experienced explosive growth through 2022, with dramatic variation in post-boom performance. PropertyIQ's ZIP-level scores separate neighborhoods with sustained demand from those experiencing corrections, providing the hyperlocal precision investors need in volatile markets. Within the Mountain West, ZIP code 81423's PropertyIQ Score of 39 runs below the Mountain West norm.

PropertyIQ distills four housing signals into a single 1 to 99 score for 81423, Norwood, CO at the most granular geography available: Zillow twelve-month and three-month home-value momentum, Realtor.com median days on market, and the Realtor.com price-reduced share. It is not a generic market-health grade; it is a validated predictor of which ZIP codes are positioned to outperform their state. The ZIP-level view often tells a different story than the broader county or metro score.

Use PropertyIQ's analytics tools to evaluate 81423, Norwood, CO alongside other ZIP codes and investment opportunities. The interactive map, ZIP-level rankings, and AI-generated reports provide the hyperlocal market intelligence that separates informed decisions from guesswork.

81423, Norwood, CO is located in San Miguel County, CO.

This ZIP code is part of the Montrose, CO metro area.

Market data through June 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.