Norwalk, IA Real Estate

According to census data in the year 2000 there were 2,435 housing units in Norwalk. This represents a 26.8% growth from 1,921 in 1990.

Of those housing units, 2,185 were located in either urbanized areas or urban clusters, and 250 were located in what is classified as a rural area.

Homeownership rate in Norwalk is about 83.2%. Norwalk's vacancy rate, including seasonal lodging, is about 1.5%. Average household size is 2.85 people.

The majority of houses, apartments or condos in Norwalk were built after 1977.


Housing Size

Housing Units by Size
Studio Type0.30%
One Bedroom4%
Two Bedrooms17.70%
Three Bedrooms54.10%
Four Bedrooms21%
Five Bedrooms or more2.90%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.07
Median year structure was built1977
Median Value of occupied units$103,500
Median Price asked for vacant units$95,000

Rented Homes, Apartments and Condos

Average Household Size1.76
Median year structure was built1980
Median Monthly Rent asked for vacant units$475

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.80%
Second Mortgage12%
Home Equity Loan10.50%
Simple Mortgage62.30%
Debt Free14.40%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.5%