Norwalk, IA
Full City Profile · Iowa · Warren County County
3.8
/5.0
B+
Good
13,610
Population
1,168/sq mi density
$94,583
Median Income
$47,919 per capita
$275,700
Home Value
$329,202 Zillow
$869
Median Rent
26.3% income on rent
50°F
Avg Temperature
275 sunny days/yr
34
Violent Crime/100K
750 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.9 / 5.0
$94,583 median income, 2.0% unemployment
A+
Affordability
5.0 / 5.0
$275,700 home value, $869/mo rent
F
Safety
1.0 / 5.0
34 violent crimes/100K
A
Education
4.2 / 5.0
40.2% bachelor's degree or higher
Housing Overview
Median Home Value
$275,700
2% below
US avg: $281,900
Median Rent
$869/mo
25% below
US avg: $1,163/mo
Homeownership Rate
84.7%
30% above US avg (65.4%)
Total Housing Units
5,224
Median year built: 1999
Home Value by Source
Census Median
$275,700
Zillow (ZHVI)
$329,202
Median Sale Price
$370,000
Median List Price
$400,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
84.7%
Owner-Occupied
15.3%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$738/mo
1 Bedroom
$788/mo
2 Bedroom
$989/mo
3 Bedroom
$1,282/mo
4 Bedroom
$1,420/mo
Census median rent:
$869/mo
Market Indicators (Redfin)
Median Days on Market
120 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
20
Price Drops
14.9%
of listings with price reduction
Price Per Sq Ft
$230
Active Inventory
134
homes for sale
Affordability & Housing Stock
Rent Burden
26.3%
of renters spending 30%+ of income on housing
15% below US avg (31.0%)
Median Year Built
1999
Average age of housing stock: 27 years
Homeownership Rate
84.7%
Complete Housing Data
Home Values
| Census Median Value | $275,700 |
| Zillow Home Value (ZHVI) | $329,202 |
| Median Sale Price | $370,000 |
| Median List Price | $400,000 |
| Price Per Sq Ft | $230 |
Rent
| Census Median Rent | $869 |
| FMR Studio | $738 |
| FMR 1-Bedroom | $788 |
| FMR 2-Bedroom | $989 |
| FMR 3-Bedroom | $1,282 |
| FMR 4-Bedroom | $1,420 |
Market
| Days on Market | 120 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 14.9% |
| Homes Sold | 20 |
| Active Inventory | 134 |
| Price Per Sq Ft | $230 |
Ownership & Stock
| Owner-Occupied | 84.7% |
| Renter-Occupied | 15.3% |
| Homeownership Rate | 84.7% |
| Total Housing Units | 5,224 |
| Median Year Built | 1999 |
| Rent Burden | 26.3% |
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