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 $181,435, lower than the Michigan average of $196,062.
The average cost of rent is $918/mo in Norwalk, primarily driven by the current value of real estate in the Norwalk area. While nearly 47.69% of residents own their homes outright in Norwalk, 7.31% rent.
Housing affordability isn’t just about home prices, though. The average household income in Norwalk is $4,918 per month. Households that rent pay about 18.66% of their income on rent here. Norwalk's most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Red Park, MI: equally priced homes
- Onekama, MI: higher priced homes
- Filer City, MI: higher priced homes
- Newland, MI: equally priced homes
- Bear Lake, MI: less expensive homes
- Kaleva, MI: less expensive homes
- Pierport, MI: higher priced homes
- Brethren, MI: less expensive homes
- Parkdale, MI: less expensive homes
- Harrison Beach, MI: less expensive homes
Cities with Similar Populations
- Auburn, WV: less expensive homes
- Beecher Falls, VT: less expensive homes
- Berkley, KY: less expensive homes
- Barton, ND: less expensive homes
- Bakerton, KY: less expensive homes
- Big Falls, MN: less expensive homes
- Airmont, VA: higher priced homes
- Ashton, SD: less expensive homes
- Ashland, NY: higher priced homes
- Arnett, TX: equally priced homes
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