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Norwalk

Learn about the people, housing, costs and businesses in Norwalk, California

Median Home$644,355
Median Rent$2,131/month
Population99,718
Leading IndustriesFinance & Insurance · Transportation · Information & Media8% finance & insurance
Home Value Growth⬆⬆+12.7% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners68% of occupied units
NotableHigh Incomes$102k/year · top 16% nationally
NotableAmenity Score69/100 · highly walkable area
Norwalk
CA

Frequently Asked Questions

What are today's mortgage rates in Norwalk?

As of today, the 30-year fixed mortgage rate for Norwalk is approximately 6.812% (6.845% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Norwalk?

The median home value in Norwalk is $644k. The median monthly rent is $2,131. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Norwalk?

Home values in Norwalk have increased 12.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Norwalk?

Based on a typical all-in ownership cost of $2,006/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $86k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Norwalk is $102k/year.

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What industries drive the economy in Norwalk?

The largest employment sectors in Norwalk are public administration (25%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.