Norwalk, IA Real Estate
According to census data in the year 2000 there were 2,435 housing units in Norwalk.
This represents a 26.8% growth from 1,921 in 1990.
Of those housing units, 2,185 were located in either urbanized areas or urban clusters, and 250 were located in what is classified as a rural area.
Homeownership rate in Norwalk is about 83.2%.
Norwalk's vacancy rate, including seasonal lodging, is about 1.5%.
Average household size is 2.85 people.
The majority of houses, apartments or condos in Norwalk were built after 1977.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 4% |
| Two Bedrooms | 17.70% |
| Three Bedrooms | 54.10% |
| Four Bedrooms | 21% |
| Five Bedrooms or more | 2.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.07 |
| Median year structure was built | 1977 |
| Median Value of occupied units | $103,500 |
| Median Price asked for vacant units | $95,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.76 |
| Median year structure was built | 1980 |
| Median Monthly Rent asked for vacant units | $475 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.80% |
| Second Mortgage | 12% |
| Home Equity Loan | 10.50% |
| Simple Mortgage | 62.30% |
| Debt Free | 14.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.5% |
