Norwalk, IA 50211 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Norwalk, IA—50211

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$337,000

2.4% YoY Growth

Household Income

$97,700

13.6% YoY Growth

Days on Market

29.0% Shorter YoY

Home Price Forecast

0.7%

Median Rent

$1,800

4.4% YoY Growth

1-Bed Rent

$934

24.5% YoY Growth

2-Bed Rent

$1,250

12.6% YoY Growth

3-Bed Rent

$1,900

5.5% YoY Growth

Home Price Trends — Norwalk, IA

As of Dec '25, the median home price in Norwalk, IA is $337,000, with a year-over-year change of 2.4%. This indicates that home prices in Norwalk, IA are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$337,000	2.4%
Single Family	$347,000	2.4%
Condos	$235,000	0.9%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Norwalk, IA

As of July '25, Rentcast reports the average rent in Norwalk, IA is $1,720, with a year-over-year rent change of -4.4%. Per bedroom, the median rent as of July '25 in Norwalk, IA is studios: $815, 1-bedrooms: $934, 2-bedrooms: $1,250, 3-bedrooms: $1,900, 4-bedrooms: $2,400. The most common rental property sizes in Norwalk, IA are 2-bedroom and 1-bedroom, accounting for 34.5% and 28.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,800	$1,720
Studio Rent	$815	$815
1 Bed Rent	$934	$934
2 Bed Rent	$1,250	$1,250
3 Bed Rent	$1,900	$1,900
4 Bed Rent	$2,300	$2,400

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% of Rental Stock

Studio

3.1%

1 Bedroom

28.8%

2 Bedrooms

34.5%

3 Bedrooms

25.1%

4 Bedrooms

8.6%

Property Listings — Norwalk, IA

As of Dec '25, Realtor.com reports that the median days on market for a home in Norwalk, IA is 52. This is a decrease of -26.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$330,000	-4.0%
Listing Count	169	6.0%
Listings as % of Homes	2.9%	6.0%
Days on Market	60	-29.0%

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Demographics — Norwalk, IA

As of the latest ACS Survey released in 2023, Norwalk, IA has a population of 16,200, which has increased by 26.6% over the past 5 years. Norwalk, IA is a popular place for families, as children make up 27.3% of the population. The area has a moderately educated workforce, with 37.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	16,200	26.6%
% Under 18	27.3%	3.8%
% Seniors	13.1%	10.1%
% WFH	14.7%	200.0%
% w/ College Degree	37.1%	-6.3%

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As of the latest ACS Survey released in 2023, Norwalk, IA is a predominantly white area, with 93.3% of the population identifying as white. The white population has shrunk by 1.0% in the last 5 years. The second most common race or ethnicity in Norwalk, IA is hispanic, making up 2.4% of the population. Foreign-born residents account for 1.3% of the population in Norwalk, IA, and this percentage has increased by 30.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	93.3%	-1.0%
% Black	0.5%	-37.5%
% Hispanic	2.4%	-14.3%
% Asian	0.3%	-57.1%
% Foreign Born	1.3%	30.0%

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Mortgage and Risk — Norwalk, IA

According to HUD data as of 2023, there were 607 mortgage originations in Norwalk, IA, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Norwalk, IA. Investor activity is low, as 3.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	607
% Conventional Loans	87.0%
% Government Loans	13.0%
% Investor Loans	3.0%
% Second Loans	0.0%
% Cash Out Refinance	6.0%

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Rentals and Section 8 — Norwalk, IA

As of 2024, the percent of homes in Norwalk, IA under the Section 8 program is 6.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Norwalk, IA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	54
Total Units Section 8	54
% Rentals under Section 8	6.3%
% Occupied Section 8	99.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$116	$934	$1,050
2 Bedroom	$10	$1,250	$1,260
3 Bedroom	-$210	$1,900	$1,690
4 Bedroom	-$600	$2,300	$1,700

Norwalk, IA—50211

Key Metrics at a Glance

Home Price Trends — Norwalk, IA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Norwalk, IA

% of Rental Stock

Property Listings — Norwalk, IA

Demographics — Norwalk, IA

Race and Ethnicity

Mortgage and Risk — Norwalk, IA

Mortgages

Rentals and Section 8 — Norwalk, IA

Section 8 Market Size

Section 8 Opportunity

Affordability — Norwalk, IA

Home Price to Income Ratio

Norwalk, IA — ZIP Code Boundary Map

Nearby ZIP Codes

Clive, Des Moines, IA

Martensdale

Cumming, IA

West Des Moines, IA

Urbandale, Des Moines, IA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.3
Median Home Price	$337,000
Median Household Income	$97,700

Norwalk, IA—50211

Key Metrics at a Glance

Home Price Trends — Norwalk, IA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Norwalk, IA

% of Rental Stock

Property Listings — Norwalk, IA

Demographics — Norwalk, IA

Race and Ethnicity

Mortgage and Risk — Norwalk, IA

Mortgages

Rentals and Section 8 — Norwalk, IA

Section 8 Market Size

Section 8 Opportunity

Affordability — Norwalk, IA

Home Price to Income Ratio

Norwalk, IA — ZIP Code Boundary Map

Nearby ZIP Codes

Clive, Des Moines, IA

Martensdale

Cumming, IA

West Des Moines, IA

Urbandale, Des Moines, IA

Frequently Asked Questions

What is the average home price in Norwalk, IA 50211?

How have home prices in Norwalk, IA 50211 changed over the past year?

What is the home price projection for Norwalk, IA 50211?

What are the demographics of Norwalk, IA 50211?

How long does it take homes to sell in Norwalk, IA 50211?

What is the average rent price in Norwalk, IA 50211?