Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Norwalk area can be challenging. Home prices in Norwalk are now at a median cost of $479,837, lower than the California average of $648,235.
The average cost of rent is $1,889/mo in Norwalk, primarily driven by the current value of real estate in the Norwalk area. While nearly 30.02% of residents own their homes outright in Norwalk, 33.77% rent.
Housing affordability isn’t just about home prices, though. The average household income in Norwalk is $7,529 per month. Households that rent pay about 25.09% of their income on rent here. Norwalk's most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Artesia, CA: higher priced homes
- Santa Fe Springs, CA: equally priced homes
- Bellflower, CA: equally priced homes
- Cerritos, CA: higher priced homes
- Downey, CA: higher priced homes
- South Whittier, CA: higher priced homes
- La Mirada, CA: higher priced homes
- Lakewood, CA: higher priced homes
- Paramount, CA: less expensive homes
- La Palma, CA: higher priced homes
Cities with Similar Populations
- Palm Harbor, FL: less expensive homes
- Palatine, IL: less expensive homes
- Passaic, NJ: less expensive homes
- Palmdale, CA: less expensive homes
- Manchester, NH: less expensive homes
- Madison, AL: less expensive homes
- Menifee, CA: less expensive homes
- Magnolia, TX: less expensive homes
- Mililani, HI: higher priced homes
- Manteca, CA: less expensive homes
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