In Norwalk, a typical home is worth $303,100 and typical rent is $838 a month. Compared with all of Warren County, typical rent is 14% lower and the typical home value is 12% higher.
Typical home value from Zillow, September 2021 to September 2026: from $290,684 to $334,748.
Typical rent
$1,208a month
Typical rent from Zillow, March 2026 to September 2026: from $1,264 to $1,208.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Norwalk is in Warren County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Warren County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Des Moines, the typical home value is $194,700: 36% less than in Norwalk ($303,100).
2
Norwalk has the 5th highest homeownership rate of the 86 cities in Iowa with more than 5,000 people (83%).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Norwalk
What homes there are in Norwalk, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Norwalk
Warren County
Iowa
United States
Kind of home: Norwalk and its comparisons
Measure
Norwalk
Warren County
Iowa
United States
Detached house
73%
77%
72%
61%
Attached house
9%
6%
5%
6%
Building of 2 to 4
Unreliable estimate
3%
6%
8%
Apartments (5 or more)
Unreliable estimate
11%
14%
19%
Mobile home
Unreliable estimate
3%
3%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
Detached houses are the majority in Norwalk (73%), but less so than in Warren County (77%).
Year built
Before 19601960–19791980–19992000–20092010 or later
Norwalk
Warren County
Iowa
United States
Year built: Norwalk and its comparisons
Measure
Norwalk
Warren County
Iowa
United States
Before 1960
10%
19%
38%
26%
1960–1979
16%
26%
24%
24%
1980–1999
20%
19%
17%
25%
2000–2009
20%
17%
11%
14%
2010 or later
33%
19%
11%
11%
Homes in Norwalk are newer: the typical year built is 2002; in Warren County, 1985.
Much as in Warren County, 76% of homes in Norwalk have 3 bedrooms or more.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200K22%
$200K–$300K25%
$300K–$500K39%
$500K–$750K10%
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Norwalk and its comparisons
Measure
Norwalk
Under $100K
Unreliable estimate
$100K–$200K
22%
$200K–$300K
25%
$300K–$500K
39%
$500K–$750K
10%
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99937%
$1,000–$1,499Unreliable
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Norwalk and its comparisons
Measure
Norwalk
Under $500
Unreliable estimate
$500–$999
37%
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$1,921 a month
Warren County: $1,816 a month
Without a mortgage
$877 a month
Warren County: $718 a month
Owners with a mortgage
71%
Warren County: 65%
The typical cost for an owner with a mortgage in Norwalk is $1,921 a month, more than in Warren County ($1,816); without one, $877.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Norwalk+49%
Warren County+44%
Iowa+41%
United States+53%
Typical rent
NorwalkNo clear change
Warren County+21%
Iowa+23%
United States+33%
Typical household income
Norwalk+23%
Warren County+23%
Iowa+24%
United States+29%
Change since 2015–2019: Norwalk and its comparisons
Measure
Norwalk
Warren County
Iowa
United States
Typical home value
+49%
+44%
+41%
+53%
Typical rent
No clear change
+21%
+23%
+33%
Typical household income
+23%
+23%
+24%
+29%
Since 2015–2019, homes in Norwalk gained value faster than in Warren County: 49% against 44%.
The typical rent in Norwalk stayed about the same over that time: the difference is within the Census margin of error.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Norwalk and its comparisons
Measure
Norwalk
Warren County
Iowa
United States
Rental vacancy
Unreliable estimate
9.7%
5.7%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.8%
0.9%
More than one person per room
Unreliable estimate
1.3%
1.6%
3.4%
People per household
2.50
2.55
2.36
2.53
Drive alone
74%
76%
76%
69%
Carpool
4%
5%
8%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
3%
3%
3%
Work from home
19%
15%
11%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
20 to 29 minutes
20 to 29 minutes
10 to 19 minutes
20 to 29 minutes
By size, households in Norwalk look like those in Warren County: 2.50 people on average.
Working from home is more common in Norwalk: 19%, against 15% in Warren County.
Do the math
What would you pay each month for a home in Norwalk?
A typical home is tight for the typical income
We start with a typical home in Norwalk, worth $303,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 31% of the typical household income in Norwalk, which is $102,722 a year. For that payment to be 28% of income, a household would need to earn about $115,099 a year.
The calculator's FHA and conventional loan limits are those of all of Warren County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Norwalk. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $10,609 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$2,686
at 7.18% · 30 years
Loan amount
$297,610
Total interest
$428,190
Paid off in
November 2056
Includes $5,119 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,397 a month
Tight
$2,397 to $3,082 a month
Your payment · 31%
Hard
more than $3,082 a month
Compared with the typical household income in Norwalk ($102,722 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,016
Property tax
$409
Home insurance
$126
FHA mortgage insurance (MIP)
$134
You need at least $10,609 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $2,686; principal and interest $2,016.
The city and its county
Norwalk and Warren County
Norwalk is in Warren County, Iowa. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Norwalk
Map of Warren County, Iowa, with Norwalk marked. Around it, the neighboring counties.
Norwalk
Warren County
Other cities with a page
Norwalk's own numbers
Typical home value
$303,100
Typical monthly rent
$838
Typical yearly household income
$102,722
Households that own their home
83%
Effective property tax rate
1.62%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Warren County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,360
Price change over 5 years (FHFA)
+41%
Homes in a high flood-risk zone
0.9%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Warren County.
A typical home in Norwalk is worth $303,100: 12% above the county and 46% above Iowa. With the typical household income in Norwalk ($102,722 a year), a typical home costs 3.0 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Norwalk3.0 years
Warren2.9 years
Iowa2.8 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Warren County
According to FHFA’s house price index, home prices in Warren County rose 68% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Warren County.
Yearly change in FHFA’s price index in Warren County, 2016 to 2025
2016: +4.6% +4.6% 2016
2017: +6.0% +6.0% 2017
2018: +4.1% +4.1% 2018
2019: +3.0% +3.0% 2019
2020: +0.5% +0.5% 2020
2021: +7.6% +7.6% 2021
2022: +15.6% +15.6% 2022
2023: +6.7% +6.7% 2023
2024: +4.7% +4.7% 2024
2025: +1.2% +1.2% 2025
Change in FHFA’s price index in Warren County, Iowa and the United States
Period
County
Iowa
U.S.
Last year (2025)
+1.2%
+3.2%
+2.9%
5 years (2020–2025)
+41%
+41%
+47%
10 years (2015–2025)
+68%
+65%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Norwalk next to Warren County, Iowa and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Norwalk$303,100
Warren$269,600
Iowa$208,000
United States$332,700
Typical monthly rent
Norwalk$838
Warren$973
Iowa$972
United States$1,413
Typical yearly household income
Norwalk$102,722
Warren$94,588
Iowa$75,059
United States$80,734
See the full table
Norwalk next to Warren County and Iowa
Measure
Norwalk
Warren County
Iowa
U.S.
Typical home value
$303,100 ▲12% above the county
$269,600
$208,000
$332,700
Typical monthly rent
$838 ▼14% below the county
$973
$972
$1,413
Typical yearly household income
$102,722 ▲9% above the county
$94,588
$75,059
$80,734
Households that own their home
83%
82%
72%
65%
Typical yearly property tax
$4,924 ▲27% above the county
$3,865
$2,897
$3,119
Effective property tax rate
1.62% ▲0.19 points above the county
1.43%
1.39%
0.94%
Renters with high rent for their income
38% ▼4 points below the county
42%
44%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Warren County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Norwalk
For a typical $303,100 home in Norwalk, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Norwalk's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$2,686a month
Least cash to close
Down payment
$10,609
Cash to close
$19,702
Rate
7.18%
Mortgage insurance
FHA MIP · $134
Conventional, 5% down$2,630a month
Down payment
$15,155
Cash to close
$24,248
Rate
7.18%
Mortgage insurance
PMI · $144
Conventional, 20% down, no PMI$2,178a month
Down payment
$60,620
Cash to close
$69,713
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,458a month
Down payment
$45,465
Cash to close
$54,558
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Norwalk
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$2,686
$10,609
$297,610
7.18%
FHA MIP · $134
$19,702
580
Conventional, 5% down
$2,630
$15,155
$287,945
7.18%
PMI · $144
$24,248
620*
Conventional, 20% down, no PMI
$2,178
$60,620
$242,480
7.18%
None
$69,713
620*
ITIN, 15% down (example)
$2,458
$45,465
$257,635
8.18%
None
$54,558
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Norwalk is $838 a month: 14% below the county. In Norwalk, 38% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Warren County, by unit size. To pay the 2-bedroom one ($1,360 a month) without spending more than 30% of your income, you would need to earn $26.15 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Warren County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,102
$21.19
$44,080
1 bedroom
$1,145
$22.02
$45,800
2 bedrooms
$1,360
$26.15
$54,400
3 bedrooms
$1,856
$35.69
$74,240
4 bedrooms
$1,901
$36.56
$76,040
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Norwalk
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Norwalk is in ZIP code 50211.
For 2 bedrooms it is $1,290: $70 less than the fair market rent for Warren County ($1,360).
Fair market rent by ZIP code and size in Norwalk, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
50211
$1,050
$1,090
$1,290
$1,760
$1,800
ZIP code2 bd3 bd
50211 $1,290$1,760
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Norwalk when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Warren County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Norwalk or Warren County. The ones below are statewide in Iowa: they work in Norwalk the same as in the rest of the state.
With the Iowa state authority's FirstHome mortgage, a first-time buyer can get a second loan of up to 3% of the price (maximum $10,000) or up to 5% (maximum $15,000), with no monthly payments, repaid when you sell, refinance or pay off the mortgage.Offered by Iowa Finance Authority (IFA).
Iowa state authority second loan, with the Homes for Iowans mortgage, of up to 3% of the price (maximum $10,000) or 5% (maximum $15,000) for the down payment and closing costs; no monthly payments, and for any buyer.Offered by Iowa Finance Authority (IFA).
No legal help resource on our list is for Norwalk or Warren County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Norwalk and all of Warren County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Norwalk?
The typical home value in Norwalk is $303,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Warren County it is $269,600.
How much does it cost to rent in Norwalk?
Typical rent in Norwalk is $838 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Warren County is $1,360.
What is the FHA loan limit in Norwalk?
Norwalk uses the FHA limit for all of Warren County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Norwalk?
The typical homeowner in Norwalk pays $4,924 a year, according to the U.S. Census Bureau. That is 1.62% of the home’s value; in Warren County, the rate is 1.43%.
Where can I find free help to buy or rent in Norwalk?
We found no HUD-approved counseling agencies with an office in Warren County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
