Norwalk, IA housing market
The typical Norwalk home is worth about $334,000, up 1% in a year, 40% above the Iowa typical home. Homes typically sell in 53 days, close to asking.
Home values, sales, trends and how Norwalk compares with the towns next door — updated as new data is published.
Norwalk at a glance
A seller's market
Supply is tight — about 2.7 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Norwalk | Iowa |
|---|---|---|
| 2017 | $216,000 | $147,000 |
| 2018 | $227,000 | $152,000 |
| 2019 | $238,000 | $159,000 |
| 2020 | $250,000 | $167,000 |
| 2021 | $268,000 | $179,000 |
| 2022 | $300,000 | $195,000 |
| 2023 | $321,000 | $211,000 |
| 2024 | $322,000 | $218,000 |
| 2025 | $328,000 | $228,000 |
| 2026 | $335,000 | $236,000 |
| August 2026 | $334,000 | $240,000 |
237 new homes permitted in 2025
Builders were permitted 237 new homes in Norwalk in 2025: 179 single-family houses and 58 in buildings with two or more homes, worth about $56.2 million to build. That's 17 per 1,000 residents, faster than across Iowa (4.7). Over the past 10 years, Norwalk has permitted 2,475 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Norwalk gained 3,854 residents while 1,590 new homes were permitted: about 2.4 new residents per new home. Building and growth moved roughly in step. Across Iowa: 1.3 new residents per new home.
How Norwalk ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 120 | 120 | 0 | $37.5 million |
| 2025 | 237 | 179 | 58 | $56.2 million |
| 2024 | 304 | 304 | 0 | $67.8 million |
| 2023 | 195 | 195 | 0 | $42.9 million |
| 2022 | 320 | 212 | 108 | $62.9 million |
| 2021 | 291 | 291 | 0 | $71.5 million |
| 2020 | 308 | 249 | 59 | $67.1 million |
| 2019 | 202 | 202 | 0 | $53.1 million |
| 2018 | 204 | 204 | 0 | $53.8 million |
| 2017 | 240 | 240 | 0 | $67.3 million |
| 2016 | 174 | 174 | 0 | $53.1 million |
| 2015 | 144 | 144 | 0 | $39.7 million |
| 2014 | 265 | 85 | 180 | $45.8 million |
| 2013 | 107 | 107 | 0 | $30 million |
| 2012 | 70 | 70 | 0 | $18 million |
| 2011 | 64 | 64 | 0 | $16.2 million |
| 2010 | 120 | 60 | 60 | $16.2 million |
| 2009 | 100 | 100 | 0 | $17.4 million |
| 2008 | 97 | 97 | 0 | $15 million |
| 2007 | 138 | 138 | 0 | $21.5 million |
| 2006 | 113 | 95 | 18 | $19.5 million |
| 2005 | 140 | 140 | 0 | $25.5 million |
| 2004 | 87 | 80 | 7 | $10.9 million |
| 2003 | 59 | 51 | 8 | $10.8 million |
| 2002 | 31 | 24 | 7 | $4.8 million |
| 2001 | 24 | 24 | 0 | $2.9 million |
| 2000 | 207 | 15 | 192 | $12.7 million |
How Norwalk ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Norwalk and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Norwalk | $334K | +1% | $1,300 | 237 | $102,722 |
| Des Moines | $211K | −0.2% | $1,260 | 1,676 | $65,932 |
| West Des Moines | $322K | +0.5% | $1,410 | 344 | $86,594 |
3.3 years of income
The typical Norwalk home costs about 3.3 years of the town's median household income, about the same as across Iowa (3.2).
How Norwalk ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,300
HUD's Fair Market Rent for a two-bedroom in Norwalk is $1,300 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Norwalk pay a median of $838, so moving in tends to cost more than staying put. A two-bedroom takes about 15% of the town's median household income.
Studio $1,050 · 4 bedrooms $1,820
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (50061, 50211; Des Moines-West Des Moines, IA HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Norwalk
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.