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Norwalk Housing Information

IndexNorwalkOhioNational
Median home price$117,200$131,900$184,700
Median rent asked$602$743$949
Avg. people per household2.42.42.6
Owner occupied households60.9%66.0%63.6%
Renter occupied households39.1%34.0%36.4%
Above, you'll find an overview of the real estate market in Norwalk, OH. Generally, real estate in the Norwalk, OH area is more affordable in Ohio, as the median price of a home in Norwalk, OH is $117,200, which is 11% lower than the Ohio average. The median rental price in Norwalk, OH is $602. This is 19% lower than the average rental price in Ohio. Home owners comprise 60.9% of the population of Norwalk, OH, where an average of 2.4 people live in each home. Various real estate options from luxurious homes to affordable condos and urban townhomes are available in Norwalk, OH. Below, you can search for real estate listings in Norwalk, OH using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.

Norwalk Home Affordability

When searching for real estate in Norwalk, OH, home affordability is a critical aspect. The ratio of the house price to the median household income is one method used to figure out home affordability. In Norwalk, OH, the median house price is $117,200, while the median income for households in the area is $41,316. Therefore, the ratio of house price to income is 2.8x; this ratio is 9% higher than the average in Ohio. The calculation for the ratio of home affordability requires dividing the median household income by the median house price. The lower the aforementioned ratio, the more affordable homes are - when comparing the house price to the household income. However, there are more factors that come into play in terms of home affordability. The calculator below determines home affordability, and it can help you decide how much money you can afford to pay for real estate in Norwalk, OH.

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Beulah Beach, OH58$0100%
Flat Rock, OH107$0100%
Crystal Rock, OH113$23,40087%
New London, OH2,614$81,10056%
Sandusky, OH25,338$81,60056%
Norwalk, OH16,862$117,20037%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Pendleton, OR16,861$147,40020%
Dyersburg, TN16,867$103,90044%
Oak Grove, OR16,848$265,70044%
Goodlettsville, TN16,848$177,9004%
Forney, TX16,842$160,40013%
Norwalk, OH16,862$117,20037%

Source: The Norwalk, OH housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).
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