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Norwalk Community

Learn about the people, housing, costs and businesses in Norwalk Community, Iowa

Median Home$340,659
Median Rent$1,366/month
Population500,202
Leading IndustriesArts, Food & Hospitality · Healthcare · Public Administration11% arts, food & hospitality
Home Value Growth+6.3% over 2 years
Young Adults39% of residentstop 2% nationally
Homeowners52% of occupied units
NotableHighly Educated30% bachelor's · 13% graduate · top 5% nationally
Norwalk Community
IA

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Norwalk Community?

As of today, the 30-year fixed mortgage rate for Norwalk Community is approximately 6.938% (6.976% 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 Community?

The median home value in Norwalk Community is $341k. The median monthly rent is $1,366. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Norwalk Community?

Home values in Norwalk Community have increased 6.3% over the past two years. This represents moderate growth. 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 Community?

Based on a typical all-in ownership cost of $1,489/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $64k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Norwalk Community is $84k/year.

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What industries drive the economy in Norwalk Community?

The largest employment sectors in Norwalk Community are public administration (27%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.