Why Live in Norwood
Norwood in Colorado Springs features a mix of split-level, ranch-style, and New Traditional homes built from the 1970s to the 2020s. The neighborhood is characterized by its cul-de-sacs, enclosed streets, and landscaped front lawns, often with rock gardens. Home prices vary, with single-family homes ranging from $340,000 to $700,000, condos between $310,000 and $350,000, and townhouses from $350,000 to $540,000. Norwood is bike-friendly and walkable, though car-dependent for errands. It is approximately 11 miles from downtown Colorado Springs via Interstate 25, 3 miles from CommonSpirit St. Francis Hospital, and 2 miles from UCHealth Emergency Room – Woodmen. Cottonwood Creek Park, a central attraction, offers soccer and baseball fields, tennis courts, a disc golf course, a playground, and an inline hockey rink. The YMCA at the park includes an indoor waterpark and gym, and nearby open spaces are popular for sledding in winter. Keystone Park provides additional recreational options with a playground, basketball court, and baseball diamond. For shopping, Woodmen Plaza features King Soopers, Dollar Tree, and Meeker Music, a family-owned music store. Dining options include Piglatin Cocina, known for its unique menu, and Wayfinder Coffee Co., which also hosts wine tastings and live music. Students in Norwood may attend Martinez Elementary, Jenkins Middle, and Doherty High, all part of Colorado Springs School District No. 11, or the highly rated Pikes Peak Christian School.
Frequently Asked Questions
Is Norwood a good place to live?
Norwood is a good place to live. Norwood is considered car-dependent and somewhat bikeable with minimal transit options. Norwood is a suburban neighborhood. Norwood has 9 parks for recreational activities. It is somewhat dense in population with 8.5 people per acre and a median age of 37. The average household income is $97,469 which is above the national average. College graduates make up 46.4% of residents. A majority of residents in Norwood are home owners, with 35.2% of residents renting and 64.8% of residents owning their home. A
local real estate agent serving Norwood can help you decide if this neighborhood is the right one for you. Learn more on our
Norwood neighborhood guide.
How much do you need to make to afford a house in Norwood?
The median home price in Norwood is $479,000. If you put a 20% down payment of $95,800 and had a 30-year fixed mortgage with an interest rate of 6.35%, your estimated principal and interest payment would be $2,380 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $102K a year to afford the median home price in Norwood. The average household income in Norwood is $97K.
What are the best public schools in Norwood?
The best public schools that serve Norwood are:
What are the best private schools in Norwood?
The best private schools that serve Norwood are:
What are the most popular zip codes in Norwood, Colorado Springs, CO?
What are the most popular neighborhoods near Norwood, Colorado Springs, CO?
Are home prices dropping in Norwood?
Yes, home prices in Norwood are down 2% in the last 12 months.
Home Trends in Norwood, CO
On average, homes in Norwood, Colorado Springs sell after 93 days on the market compared to the national average of 52 days. The median sale price for homes in Norwood, Colorado Springs over the last 12 months is $468,000, up 2% from the median home sale price over the previous 12 months.
Median Sale Price
$468,000
Median Single Family Sale Price
$490,000
Median Townhouse Sale Price
$390,000
Median 2 Bedroom Sale Price
$299,000
Average Price Per Sq Ft
$278
Number of Homes for Sale
86
Last 12 months Home Sales
224
Median List Price
$479,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
2%
