The story of this market
The typical home in ZIP 81423 sells for about $3,300,000.
Prices are up +8.39% from a year ago, so sellers still have some momentum. Homes take about 102 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $14,747 a month.
This ZIP has no home sales of its own, so its market figures come from San Miguel County, Colorado (county-level). Population, rents, hazards, lending and amenities are this ZIP's own readings.
ZIP 81423 — Norwood
The market in 81423 is characterized by a high volume of land listings and limited residential data. Many specific metrics such as median household income, effective tax rates, and year-over-year price changes are not currently published for this ZIP code. The available data reflects a rural market with significant land availability.
Median prices moved up 8.4% year over year.
Homes spend a median of 102 days on market with 9.4 months of supply — a slower-moving market.
15% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
ZCTA 81423
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Colorado) — Statutory Agricultural Land Reclassification and Improvement Valuation: Under C.R.S. § 39-1-102(1.6)(a)(I), up to two acres of land directly underlying a residential improvement on agricultural parcels are segregated and assessed at residential rates (6.80% / 7. State (Colorado) — Senior and Disabled Veteran Property Tax Homestead Exemption: Exempts 50% of the first $200,000 of actual market value of the qualifying primary residential parcel from property taxation (a maximum actual value deduction of $100,000). State (Colorado) — Colorado Split Residential Property Tax Assessment Rate Structure: Imposes annual ad valorem property taxes determined using a bifurcated assessment rate system. Assessed Value = Actual (Market) Value × Assessment Rate. Beginning for tax years 2025/2026, residential property is assessed at 6.
Data sourced from MapOfZipCodes and Census Bureau aggregates.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass. Coherence hold-out: this pass's median price ($603,398) sat outside the 0.25–4× band around San Miguel County's retained level and was not stored.