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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 $536,436, higher than the Connecticut average of $418,901.
The average cost of rent is $2,204/mo in Norwalk, primarily driven by the current value of real estate in the Norwalk area. In Norwalk, 44.48% of households rent, and 29.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Norwalk is $9,904 per month. Households that rent pay about 22.25% of their income on rent here. Norwalk’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Darien, CT: higher priced homes
- Westport, CT: higher priced homes
- New Canaan, CT: higher priced homes
- Wilton, CT: higher priced homes
- Stamford, CT: higher priced homes
- Southport, CT: higher priced homes
- Cannondale, CT: higher priced homes
- Weston, CT: higher priced homes
- Scotts Corners, NY: higher priced homes
- Old Greenwich, CT: higher priced homes
Cities with Similar Populations
- Norfolk, VA: less expensive homes
- Odessa, TX: less expensive homes
- Ogden, UT: equally priced homes
- North Hollywood, CA: higher priced homes
- North Hills, CA: higher priced homes
- Oklahoma City, OK: less expensive homes
- Olathe, KS: less expensive homes
- Norristown, PA: less expensive homes
- Norman, OK: less expensive homes
- North Charleston, SC: less expensive homes
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