Norwalk, CA Real Estate
According to census data in the year 2000 there were 27,554 housing units in Norwalk.
This represents a 1.1% growth from 27,247 in 1990.
Of those housing units, 27,554 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Norwalk is about 65.8%.
Norwalk's vacancy rate, including seasonal lodging, is about 2.4%.
Average household size is 3.79 people.
The majority of houses, apartments or condos in Norwalk were built after 1957.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 7.20% |
| One Bedroom | 17% |
| Two Bedrooms | 29.40% |
| Three Bedrooms | 37.70% |
| Four Bedrooms | 7.70% |
| Five Bedrooms or more | 1.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.84 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $161,100 |
| Median Price asked for vacant units | $156,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.68 |
| Median year structure was built | 1964 |
| Median Monthly Rent asked for vacant units | $812 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 10.10% |
| Home Equity Loan | 5.40% |
| Simple Mortgage | 63.20% |
| Debt Free | 21% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 23.2% |
