Norwalk, OH housing market
Homes typically sell in 73 days, below 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 2.5 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Home prices up 48% in 5 years
The federal house price index for the ZIP code around Norwalk rose 48% over the past 5 years, slower than across Ohio (53%). Last year prices rose 4.6%. Carrying the Census median home value forward with that index puts the typical Norwalk home at roughly $264,000 today.
Show as a table
| Year | Change that year | Since 2000 | Ohio since 2000 |
|---|---|---|---|
| 2025 | +4.6% | +83% | +106% |
| 2024 | +4.2% | +75% | +97% |
| 2023 | +11% | +68% | +84% |
| 2022 | +13% | +52% | +70% |
| 2021 | +8.6% | +35% | +50% |
| 2020 | +5.5% | +24% | +35% |
| 2019 | +3.6% | +17% | +29% |
| 2018 | +2.2% | +13% | +23% |
| 2017 | +1.9% | +11% | +16% |
| 2016 | +4.6% | +8.8% | +11% |
| 2015 | −0.4% | +4% | +6.7% |
| 2014 | +3.8% | +4.4% | +3.1% |
| 2013 | +0.5% | +0.6% | −0.2% |
| 2012 | −1.1% | 0% | −0.4% |
| 2011 | −2.1% | +1.1% | +1.3% |
| 2010 | −4.4% | +3.3% | +5.1% |
| 2009 | −1.2% | +8% | +8.9% |
| 2008 | −5.1% | +9.3% | +12% |
| 2007 | +0.7% | +15% | +15% |
| 2006 | −0.6% | +14% | +17% |
| 2005 | +2.6% | +15% | +16% |
| 2004 | +1.4% | +12% | +12% |
| 2003 | +1.1% | +11% | +8.5% |
| 2002 | +5.1% | +9.4% | +6.7% |
| 2001 | +4.1% | +4.1% | +4.3% |
| 2000 | — | — | — |
How Norwalk ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 44857, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
36 new homes permitted in 2025
Builders were permitted 36 new homes in Norwalk in 2025: 10 single-family houses and 26 in buildings with two or more homes, worth about $5.9 million to build. That's 2.1 per 1,000 residents, slower than across Ohio (3.3). Over the past 10 years, Norwalk has permitted 324 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Norwalk gained 56 residents while 210 new homes were permitted: about 0.3 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. Across Ohio: 1.3 new residents per new home.
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) | 11 | 9 | 2 | $3.2 million |
| 2025 | 36 | 10 | 26 | $5.9 million |
| 2024 | 10 | 10 | 0 | $4 million |
| 2023 | 43 | 5 | 38 | $6.1 million |
| 2022 | 61 | 6 | 55 | $7 million |
| 2021 | 104 | 9 | 95 | $10.5 million |
| 2020 | 9 | 7 | 2 | $1.8 million |
| 2019 | 6 | 4 | 2 | $713,000 |
| 2018 | 19 | 15 | 4 | $4 million |
| 2017 | 17 | 11 | 6 | $2.6 million |
| 2016 | 19 | 12 | 7 | $3 million |
| 2015 | 23 | 8 | 15 | $2.3 million |
| 2014 | 11 | 11 | 0 | $1.9 million |
| 2013 | 83 | 9 | 74 | $5.9 million |
| 2012 | 7 | 7 | 0 | $1.2 million |
| 2011 | 10 | 10 | 0 | $2.3 million |
| 2010 | 15 | 15 | 0 | $2.2 million |
| 2009 | 21 | 11 | 10 | $2.3 million |
| 2008 | 80 | 7 | 73 | $5.2 million |
| 2007 | 80 | 15 | 65 | $7.7 million |
| 2006 | 129 | 27 | 102 | $11.8 million |
| 2005 | 77 | 35 | 42 | $8.1 million |
| 2004 | 78 | 41 | 37 | $7.3 million |
| 2003 | 66 | 42 | 24 | $6.6 million |
| 2002 | 38 | 17 | 21 | $3.8 million |
| 2001 | 45 | 21 | 24 | $3.5 million |
| 2000 | 25 | 16 | 9 | $2.4 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 | — | +4.6%† | $970 | 36 | $60,844 |
| Norwalk | $221K | +6.9% | $980 | — | $62,399 |
| Ridgefield | — | +25.9%† | $1,090 | 0 | $70,199 |
† FHFA price index change, where Zillow has no home value for the town.
2.7 years of income
The typical Norwalk home costs about 2.7 years of the town's median household income, less than across Ohio (3.5 years).
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 $970
HUD's Fair Market Rent for a two-bedroom in Norwalk is $970 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Norwalk pay a median of $836, so moving in tends to cost more than staying put. A two-bedroom takes about 19% of the town's median household income.
Studio $740 · 4 bedrooms $1,520
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (44857; Erie County, OH 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.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. 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. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.