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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 $321,331, higher than the Iowa average of $226,062.
The average cost of rent is $909/mo in Norwalk, primarily driven by the current value of real estate in the Norwalk area. In Norwalk, 15.86% of households rent, and 31.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Norwalk is $8,396 per month. Households that rent pay about 10.82% of their income on rent here. Norwalk’s most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Spring Hill, IA: higher priced homes
- Cumming, IA: higher priced homes
- Scotch Ridge, IA: higher priced homes
- Prole, IA: equally priced homes
- Martensdale, IA: less expensive homes
- West Des Moines, IA: equally priced homes
- Des Moines, IA: less expensive homes
- Summerset, IA: equally priced homes
- Windsor Heights, IA: less expensive homes
- Carlisle, IA: less expensive homes
Cities with Similar Populations
- Tiverton, RI: higher priced homes
- Bedford, VA: less expensive homes
- Bellevue, WI: less expensive homes
- Bellingham, MA: higher priced homes
- Seminole, TX: less expensive homes
- Seymour, CT: higher priced homes
- Spearfish, SD: higher priced homes
- Spencerport, NY: less expensive homes
- Stallings, NC: higher priced homes
- Telford, PA: higher priced homes
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