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Norwalk city, CT

ZIP 06854 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 06854

Median Home Value
$453,400
Median Rent
$1,682
Affordability Snapshot
$125,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,913/mo PITI).

23%
Rent-to-Income Ratio

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

5.2x
Home Price-to-Income Ratio

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

22.5 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 06854 in Norwalk city, CT, a household would need roughly $125,000 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 $2,913. That is about 45% above the local median household income ($86,399), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
46.5%-29% vs US avg
x
Vacancy Rate
5.7%-45% vs US avg
x
Broadband Access
90.5%+4% vs US avg
x
4+ Bedrooms
3.1%-79% vs US avg
x
Built Pre-1939
8.6%-33% vs US avg
x
Built Post-2014
0.9%-87% vs US avg
x
Rent Burden >30%
24.8%-50% vs US avg
x
Mortgage-Free
29.0%-24% vs US avg
x
$453,400
Home Value
$1,682
Rent
1971
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached33.0%
  • 1-unit attached7.4%
  • 2-9 units35.0%
  • 10+ units24.5%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$453,400
Median rent$1,682
Owner-occupied46.5%
Vacant5.7%
Price-to-income5.2x
Est. income to buy$125,000