Market Overview
Home Prices in Norwalk, WI
The median home value in Norwalk, WI is $201,869 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 3.8% compared to a year ago and up 5.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Norwalk are priced51% below average.
Over the past five years, Norwalk home values have risen by approximately26.4%, reflecting strong long-term appreciation in this market.
Price History
Norwalk Home Price Trend
2020
$144,051
$144K
—
2021
$159,741
$160K
+10.9%
2022
$170,600
$171K
+6.8%
2023
$190,012
$190K
+11.4%
2024
$199,229
$199K
+4.9%
2025
$209,941
$210K
+5.4%
2026
$201,869
$202K
-3.8%
City Comparison
Norwalk vs. National Median
🏠 Norwalk
$201,869
National Median
$410,000
At $201,869, homes in Norwalk cost 51% 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
$40,374
on $201,869
Monthly P&I
$1,053/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,337/mo
incl. taxes & insurance
Income Needed
$53,480
gross annual (30% rule)
10% Down Option
$20,187
+ PMI applies
Loan Amount (20% dn)
$161,495
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, WI?
The median home value in Norwalk is $201,869 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 3.8% year-over-year.
How much have home prices changed in Norwalk?
Over the past year, home values in Norwalk have decreased by 3.8%. Over five years, prices have risen approximately 26.4%.
How much do I need to earn to buy a home in Norwalk?
To comfortably afford the median home price of $201,869 with a 20% down payment ($40,374) at today's rates (6.8%), you'd need a gross annual income of approximately $53,480. 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 $201,869, homes in Norwalk are 51% below the national average.