Housing in Norwalk, IA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$345,000
Median List Price
$349,990
Price Per Sq Ft
$237
Days on Market
64
Active Inventory
133
Months of Supply
7.0
Buyer's market
Zillow Home Value
$326,298
ZHVI — January 2026
Zillow Rent Index
$1,472
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
15.8%
Off Market in 2 Weeks
19.4%
Sale-to-List Ratio
98.6%
Buyer's market
Market Activity
Source: RedfinHomes Sold
19
New Listings
31
Pending Sales
31
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$237
Median List $/SF
$289
Norwalk vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Norwalk is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$275,700
Median Rent
$869
Total Housing Units
5,541
Vacancy Rate
4.6%
Owner Occupied
84.7%
Renter Occupied
15.3%
Median Property Tax
$4,758
per year
Monthly Cost (w/ Mortgage)
$1,468
Housing Types
The current median sale price in Norwalk, IA is $345,000 according to Redfin data. Homes spend a median of 64 days on the market. 15.8% of homes sold above asking price. The market has 7.0 months of supply. The median price per square foot is $237. Zillow's observed rent index is $1,472/month. About 84.7% of housing units are owner-occupied. The median year homes were built is 1999. There are 5,541 total housing units.