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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 $236,180, lower than the Michigan average of $250,415.
The average cost of rent is $1,032/mo in Norwalk, primarily driven by the current value of real estate in the Norwalk area. In Norwalk, 9.83% of households rent, and 54.61% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Norwalk is $5,981 per month. Households that rent pay about 17.25% of their income on rent here. Norwalk’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Red Park, MI: equally priced homes
- Onekama, MI: equally priced homes
- Filer City, MI: higher priced homes
- Newland, MI: less expensive homes
- Bear Lake, MI: less expensive homes
- Kaleva, MI: less expensive homes
- Pierport, MI: equally 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: equally priced homes
- Arnett, TX: equally priced homes
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