Market Overview
Home Prices in Norwalk, OH
The median home value in Norwalk, OH is $220,671 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8% compared to a year ago and up 2.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Norwalk are priced46% below average. Norwalk is part of the Norwalk, OH metro area.
Over the past five years, Norwalk home values have risen by approximately30.5%, reflecting strong long-term appreciation in this market.
Price History
Norwalk Home Price Trend
City Comparison
Norwalk vs. National Median
At $220,671, homes in Norwalk cost 46% 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
$44,134
on $220,671
Monthly P&I
$1,151/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,462/mo
incl. taxes & insurance
Income Needed
$58,480
gross annual (30% rule)
10% Down Option
$22,067
+ PMI applies
Loan Amount (20% dn)
$176,537
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, OH?
The median home value in Norwalk is $220,671 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8% year-over-year.
How much have home prices changed in Norwalk?
Over the past year, home values in Norwalk have increased by 8%. Over five years, prices have risen approximately 30.5%.
How much do I need to earn to buy a home in Norwalk?
To comfortably afford the median home price of $220,671 with a 20% down payment ($44,134) at today's rates (6.8%), you'd need a gross annual income of approximately $58,480. 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 $220,671, homes in Norwalk are 46% below the national average.
What metro area is Norwalk part of?
Norwalk is part of the Norwalk, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.