Norwalk IA Multi-family Properties For Sale
The median home value in Norwalk, IA is $303,700. This is higher than the county median home value of $263,700. The national median home value is $338,100. The average price of homes sold in Norwalk, IA is $303,700. Approximately 79.11% of Norwalk homes are owned, compared to 17.65% rented, while 3.23% are vacant. Norwalk real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Norwalk real estate agent to arrange a tour today!
Learn More About Norwalk Real EstateStatistics & facts
12,592
Population
$303K
Medium Home Value
4,818
# of Households
3.23%
Housing Vacancy
47.94%
Future Job Growth
2.00%
Unemployment Rate
For Sale
$650,000
10,000
sqft
5 Williamson Drive
Fairfield, IL 62837
Listing Courtesy of: - Coldwell Banker Allen & Geary 618-532-7300
For Sale
$625,000
13,125
sqft
1700 W Main Street
Fairfield, IL 62837
Listing Courtesy of: Lisa McKinney - C21 ALL PRO REAL ESTATE
For Sale
$625,000
3,313
sqft
1117 W Delaware Street
Fairfield, IL 62837
Listing Courtesy of: BRIAN LENCE - KELLER WILLIAMS PINNACLE
For Sale
$650,000
10,000
sqft
5 Williamson Drive
Fairfield, IL 62837
Listing Courtesy of: Alan Owen - COLDWELL BANKER ALLEN & GEARY
Andrea D. Conner, License 471020674, Xome Inc., License 478026347, AndreaD.Conner@xome.com, 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067
Listings courtesy of RMLS Alliance as distributed by MLS GRID. Based on information submitted to the MLS GRID as of {{last updated}}. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 RMLS Alliance. All rights reserved.
Andrea D. Conner, License 471020674, Xome Inc., License 478026347, AndreaD.Conner@xome.com, 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067
Listings courtesy of RMLS Alliance as distributed by MLS GRID. Based on information submitted to the MLS GRID as of {{last updated}}. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 RMLS Alliance. All rights reserved.
Population
Norwalk has a population of approximately 12,592 and experiences a population change rate of 82.92%. The population density is 1,101.8 / sq mi.
Household
The median household income for Norwalk is $91,610, with 4,818 households and an average household size of 2.59.
Cost of Living
The cost of living index in Norwalk is 98.8%.
Home Value
The median value of a home in Norwalk is $303,700 with an appreciation rate of 15.7%. 79.1% of housing in the city is owned while 17.7% is rented.
Employment
The unemployment rate in Norwalk is 2.00%, and recent job growth is at 1.86%. Future job growth is projected at 47.94%.
Taxes
The sales tax rate in Norwalk is 7.00%, while the income tax rate is 7.44%.
Education
School expenditures in Norwalk are $13,932, and the school ratio is 16.1:1.
Weather
The average high temperature in July is 85.6 degrees, with an average low temperature in January of 12.5 degrees. The average rainfall is approximately 36.1 inches per year, with 30.5 inches of snow per year.
Education near Norwalk IA
| Metric | City | County |
|---|---|---|
| High School Graduates | 98.25 | 95.77 |
| College Degree - 2 year | 13.29 | 12.61 |
| College Degree - 4 year | 40.03 | 32.31 |
| Graduate Degree | 10.82 | 7.2 |
| Expenditures per Student | $13,932 | $13,932 |
| Students per Teacher | 16.10 | 16.10 |
Elementary Schools near Norwalk IA
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Fairmeadows Elementary School | KG - 06 | 559 | 17.4 | 50265 |
| Hillside Elementary School | KG - 06 | 597 | 14 | 50265 |
| Howe Elementary School | PK - 05 | 298 | 13.1 | 50315 |
| Jackson Elementary School | KG - 05 | 435 | 14.3 | 50315 |
| Jefferson Elementary School | KG - 05 | 425 | 18.1 | 50321 |
| Jordan Creek Elementary School | PK - 06 | 794 | 17.8 | 50265 |
| Lakewood Elementary School | 03 - 05 | 642 | 15.9 | 50211 |
| Lovejoy Elementary School | PK - 05 | 380 | 12.7 | 50315 |
| Martensdale Elementary School | PK - 06 | 313 | 13.7 | 50160 |
| McKinley Elementary School | PK - 05 | 359 | 12.5 | 50315 |
| Morris Elementary School | PK - 05 | 595 | 12.2 | 50315 |
| Oviatt Elementary School | PK - 02 | 629 | 14.1 | 50211 |
| Park Avenue Elementary School | PK - 05 | 424 | 13.2 | 50315 |
| South Union Elementary School | PK - 05 | 520 | 13.6 | 50315 |
| Studebaker Elementary School | KG - 05 | 452 | 15.6 | 50315 |
| Western Hills Elementary School | PK - 06 | 621 | 15 | 50265 |
| Wright Elementary School | PK - 05 | 289 | 17 | 50315 |
Middle Schools near Norwalk IA
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Brody Middle School | 06 - 08 | 736 | 16.6 | 50321 |
| Norwalk Middle School | 06 - 08 | 588 | 13.1 | 50211 |
| Phenix Elementary Early Childhood Center | PK - 03 | 182 | 11.3 | 50265 |
| Stilwell Junior High School | 07 - 08 | 710 | 14.3 | 50265 |
| Weeks Middle School | 06 - 08 | 670 | 14.3 | 50315 |
High Schools near Norwalk IA
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Lincoln High School | 09 - 12 | 2171 | 19.1 | 50315 |
| Martensdale-St. Marys Junior-Senior High School | 07 - 12 | 262 | 13.3 | 50160 |
| Norwalk Senior High School | 09 - 12 | 810 | 14.3 | 50211 |
Ungraded Schools near Norwalk IA
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| * Walnut Creek Campus | 09 - 12 | 154 | 12.9 | 50265 |
| Orchard Place School | KG - 12 | 95 | 7.9 | 50315 |
| Valley Southwoods | 09 - 09 | 734 | 16.3 | 50265 |
