Norwalk, CA
Los Angeles County · Pop. 105,549
Ranked #223 of 243 cities
18Crisis
Median Home Price
🏠$650K
4.0% YoY
Median Rent
🔑$2,000
3.0% YoY
Median Income
💰$68K
Rent Burden
📊35.5%
% of income to rent
Income to Buy
🏦$187K
annual income needed
Income to Rent
📝$80K
annual income needed
Price-to-Income
⚖️9.6x
Homeownership
🏡58.0%
Rent vs. Buy
Buy
$3,460/mo
Est. mortgage (7%, 20% down)
Need $187K/yr income
Rent
$2,000/mo
Median rent
Need $80K/yr income
How Norwalk Compares
| Metric | Norwalk | California | National |
|---|---|---|---|
| Home Price | $650K | $726K | $410K |
| Rent | $2,000 | $1,992 | $1,500 |
| Income | $68K | $96K | $75K |
| Rent Burden | 35.5% | 40.5% | 30.0% |
Key Takeaways
- • Home prices in Norwalk are 59% higher than the national average.
- • Rent is 33% higher than the national average.
- • You need an income of $187K to comfortably buy a home here.
- • The homeownership rate is 58.0%, compared to 65.0% nationally.