Market Overview
Home Prices in Norwalk, IA
The median home value in Norwalk, IA is $337,407 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.8% compared to a year ago and up 1.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Norwalk are priced18% below average. Norwalk is part of the Des Moines-West Des Moines, IA metro area.
Over the past five years, Norwalk home values have risen by approximately18.4%, reflecting steady appreciation in this market.
Price History
Norwalk Home Price Trend
City Comparison
Norwalk vs. National Median
At $337,407, homes in Norwalk cost 18% below the national median of $410,000. This makes Norwalk a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Norwalk?
20% Down Payment
$67,481
on $337,407
Monthly P&I
$1,760/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,235/mo
incl. taxes & insurance
Income Needed
$89,400
gross annual (30% rule)
10% Down Option
$33,741
+ PMI applies
Loan Amount (20% dn)
$269,926
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Norwalk, IA?
The median home value in Norwalk is $337,407 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.8% year-over-year.
How much have home prices changed in Norwalk?
Over the past year, home values in Norwalk have increased by 1.8%. Over five years, prices have risen approximately 18.4%.
How much do I need to earn to buy a home in Norwalk?
To comfortably afford the median home price of $337,407 with a 20% down payment ($67,481) at today's rates (6.8%), you'd need a gross annual income of approximately $89,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Norwalk compare to the national average home price?
The national median home value is approximately $410,000. At $337,407, homes in Norwalk are 18% below the national average.
What metro area is Norwalk part of?
Norwalk is part of the Des Moines-West Des Moines, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.