Zip 06850 (Norwalk, CT) Housing

The housing market in Norwalk, CT (Zip code 06850) is strong compared to the national average. According to recent data, the median value of a house in Norwalk is $501,400, while the median value of a house in the U.S. is $338,100. Additionally, the U.S. has experienced an 8.27% year-over-year appreciation rate for houses, but Norwalk experienced an even higher 9.97% appreciation rate for houses over the same time period - demonstrating that there is significant investment potential in this area's housing market.

The median home cost in Norwalk (zip 06850) is $501,400. Home appreciation the last 10 years has been 46.6%. Home Appreciation in Norwalk (zip 06850) is up 15.3%.

Average Age of Homes

- The median age of Norwalk (zip 06850) real estate is 54 years old

The Rental Market in Norwalk (zip 06850)

- Renters make up 28.1% of the Norwalk (zip 06850) population
- 2.9% of houses and apartments in Norwalk (zip 06850), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Norwalk, Connecticut	United States
	8,661.0	139,647,020.0
	52	42
	$501,400	$338,100
	15.3%	16.6%
	40.9%	57.0%
	46.6%	101.1%
	$17.33	$10.98
	$7,751	$2,690
	53.8%	57.4%
	7.5%	11.2%
	38.7%	31.4%
Vacant Housing
	2.9%	1.9%
	0.1%	0.4%
	1.1%	0.7%
	0.6%	0.4%
	0.6%	3.6%
	2.2%	4.1%
Value of Owner-Occupied Housing
	1.8%	2.6%
	0.0%	2.4%
	0.4%	2.8%
	0.6%	3.9%
	0.3%	4.5%
	0.4%	11.3%
	2.0%	13.0%
	15.5%	20.1%
	21.6%	13.6%
	15.9%	8.3%
	21.8%	9.7%
	14.3%	3.9%
	2.7%	2.2%
	1.8%	0.8%
	1.1%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	5.7%	13.6%
	5.7%	13.6%
	6.1%	13.6%
	10.9%	13.2%
	13.3%	14.8%
	6.1%	13.6%
	20.3%	10.0%
	4.3%	4.7%
	12.2%	12.2%

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