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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
85%
15%
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 Market120
Sale-to-List Ratio1.0%
Price Drops14.9%
Homes Sold20
Active Inventory134
Price Per Sq Ft$230

Ownership & Stock

Owner-Occupied84.7%
Renter-Occupied15.3%
Homeownership Rate84.7%
Total Housing Units5,224
Median Year Built1999
Rent Burden26.3%