The housing market in Norwalk, IA has experienced an increase in median value over the past year. The median value of homes in Norwalk is currently $303,700, which is significantly lower than the US house median value of $338,100. While the US experienced an 8.27% appreciation rate for housing over the past year, Norwalk's rate was even higher at 13.48%. This indicates that Norwalk's housing market has been performing better than other markets across the country and may be a desirable location to invest in real estate.
The median home cost in Norwalk is $303,700. Home appreciation the last 10 years has been 68.6%. Home Appreciation in Norwalk is up 15.7%.
Average Age of Homes
- The median age of Norwalk real estate is 28 years old
The Rental Market in Norwalk
- Renters make up 25.6% of the Norwalk population
- 0.3% of houses and apartments in Norwalk, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.