Norwood, CO
Population 565 · Colorado
About Norwood, CO
Norwood is a small community located in Colorado with a population of 565 residents according to the latest US Census Bureau American Community Survey data. The median household income is $56,324 per year, which is 25% below the national median of $75,149. The median age of 34.8 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Norwood features a median home value of $341,800, which is 40% above the national median of $244,900. This positions Norwood in a moderately priced market relative to the rest of the country. Median monthly rent is $1,357, 17% above the national average of $1,163/month. Of the 279 total housing units, 60% are owner-occupied (146 units) and 40% are renter-occupied (98 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Norwood shows an unemployment rate of 9.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 10.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Norwood have an average one-way commute time of 34.2 minutes.
Education & Demographics
38.9% of Norwood residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 29.7% White, 2.7% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 9.6% of the population being foreign-born.
Cost of Living in Norwood, CO
Compared to national averages, Norwood has a median household income of $56,324 (25% below the national median of $75,149). Home values average $341,800, which is 40% above the national median. Monthly rent at $1,357 is 17% above the US average of $1,163. Within Colorado, Norwood's income is 36% below the state average of $88,514, and home values are 25% below the state median of $457,127.
Why Live in Norwood, CO?
Norwood offers a well-educated community where 38.9% of residents hold a bachelor’s degree or higher, and a low poverty rate of 10.1%, better than the national average.
Potential considerations include median household income ($56,324) that falls below the national average. However, Norwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Norwood has a population of 565 with a median age of 34.8 years. Compare Norwood with other cities to see how it stacks up, or explore all cities in Colorado.
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Cities in Colorado with a similar population size.
Demographics
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Economy & Education
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Other Cities in Colorado
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Norwood
What is the population of Norwood, CO?
The population of Norwood, CO is 565 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Colorado.
What is the median household income in Norwood?
The median household income in Norwood, CO is $56,324 per year, which is 25% below the national median of $75,149.
What is the median home value in Norwood?
The median home value in Norwood, CO is $341,800, which is 40% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Norwood?
The median monthly rent in Norwood, CO is $1,357, which is 17% above the national average of $1,163/month.
What is the unemployment rate in Norwood?
The unemployment rate in Norwood, CO is 9.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Norwood, CO a good place to live?
Norwood offers a moderate cost of living, a competitive housing market, and growing employment opportunities. With a population of 565 and a median age of 34.8, the city appeals to young professionals and families.
How educated is Norwood, CO?
38.9% of residents in Norwood aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Norwood?
Key cost-of-living indicators for Norwood, CO: median home value is $341,800 (40% above national), median rent is $1,357/month, and median household income is $56,324. The home-value-to-income ratio is 6.1x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Norwood?
The poverty rate in Norwood, CO is 10.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Norwood, CO?
Norwood's population is 29.7% White, 2.7% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 9.6% of residents are foreign-born.