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Norwalk city, CT

ZIP 06853 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

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Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 06853

Median Home Value
$1,402,000
Median Rent
$1,664
Affordability Snapshot
$386,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$9,006/mo PITI).

8%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.6x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

70.2 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 06853 in Norwalk city, CT, a household would need roughly $386,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $9,006. That is about 54% above the local median household income ($250,001), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
81.8%+25% vs US avg
x
Vacancy Rate
10.7%+4% vs US avg
x
Broadband Access
96.7%+11% vs US avg
x
4+ Bedrooms
11.1%-25% vs US avg
x
Built Pre-1939
5.2%-60% vs US avg
x
Built Post-2014
1.4%-80% vs US avg
x
Rent Burden >30%
20.9%-58% vs US avg
x
Mortgage-Free
36.7%-4% vs US avg
x
$1,402,000
Home Value
$1,664
Rent
1958
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached82.8%
  • 1-unit attached0.0%
  • 2-9 units6.0%
  • 10+ units11.2%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,402,000
Median rent$1,664
Owner-occupied81.8%
Vacant10.7%
Price-to-income5.6x
Est. income to buy$386,000