Norwalk, CA—90650
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Norwalk, CA
As of Oct '25, the median home price in Norwalk, CA is $743,000, with a year-over-year change of -1.6%. This indicates that home prices in Norwalk, CA are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $743,000 | -1.6% |
| Single Family | $748,000 | -2.0% |
| Condos | $564,000 | -0.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $439,000 | -5.8% |
2 Bed | $662,000 | -1.2% |
3 Bed | $749,000 | -2.1% |
4 Bed | $812,000 | -1.7% |
| 5 Bed | $869,000 | -1.7% |
% of Housing Stock
Rental Trends — Norwalk, CA
As of July '25, Rentcast reports the average rent in Norwalk, CA is $2,730, with a year-over-year rent change of 3.4%. Per bedroom, the median rent as of July '25 in Norwalk, CA is studios: $1,700, 1-bedrooms: $1,920, 2-bedrooms: $2,680, 3-bedrooms: $3,610, 4-bedrooms: $4,000. The most common rental property sizes in Norwalk, CA are 2-bedroom and 1-bedroom, accounting for 39.0% and 23.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,730 |
| Studio Rent | $1,700 | $1,700 |
| 1 Bed Rent | $1,950 | $1,920 |
| 2 Bed Rent | $2,610 | $2,680 |
| 3 Bed Rent | $3,600 | $3,610 |
| 4 Bed Rent | $4,000 | $4,000 |
% of Rental Stock
Property Listings — Norwalk, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Norwalk, CA is 58. This is a increase of 48.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 5.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $752,000 | 0.0% |
Listing Count | 84 | 6.0% |
| Listings as % of Homes | 0.3% | 6.0% |
Days on Market | 58 | 48.0% |
Demographics — Norwalk, CA
As of the latest ACS Survey released in 2023, Norwalk, CA has a population of 101,000, which has decreased by -4.8% over the past 5 years. Norwalk, CA is a moderately popular place for families, as children make up 22.9% of the population. The area has a poorly educated workforce, with 21.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 101,000 | -4.8% |
% Under 18 | 22.9% | -3.4% |
% Seniors | 13.6% | 16.2% |
% WFH | 6.7% | 191.3% |
% w/ College Degree | 21.3% | 23.8% |
As of the latest ACS Survey released in 2023, Norwalk, CA is a predominantly hispanic area, with 69.5% of the population identifying as hispanic. The hispanic population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Norwalk, CA is asian, making up 13.8% of the population. Foreign-born residents account for 32.5% of the population in Norwalk, CA, and this percentage has decreased by 7.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 11.1% | 6.7% |
% Black | 4.2% | 0.0% |
% Hispanic | 69.5% | -0.9% |
% Asian | 13.8% | -1.4% |
% Foreign Born | 32.5% | -7.7% |
Mortgage and Risk — Norwalk, CA
According to HUD data as of 2023, there were 795 mortgage originations in Norwalk, CA, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Norwalk, CA. Investor activity is low, as 2.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 795 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Norwalk, CA
As of 2024, the percent of homes in Norwalk, CA under the Section 8 program is 11.2%. 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. In Norwalk, CA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 950 |
Total Units Section 8 | 950 |
% Rentals under Section 8 | 11.2% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $1,950 | $1,940 |
| 2 Bedroom | -$160 | $2,610 | $2,450 |
| 3 Bedroom | -$490 | $3,600 | $3,110 |
| 4 Bedroom | -$550 | $4,000 | $3,450 |
Affordability — Norwalk, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7 |
| Median Home Price | $743,000 |
| Median Household Income | $98,700 |