Norwalk is located in Los Angeles, California, with an estimated municipal population of 103,949 residents. All of the best foreclosed homes for sale in Norwalk are located in the following zip code areas on Foreclosure.com: 90650 90651 90652. The estimated population per square kilometer (.62 miles) in Norwalk is 4,133.
So, about how much do homes cost in Norwalk? The most recent median value of resident-owned homes in Norwalk is 440,164. An estimated 63.6 percent of households in Norwalk own their homes, with an average family size of 4.15. The median household income in Norwalk is 70,667, with31.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Norwalk, the median commute time of resident workers (in minutes) is 30.7. And last, but certainly not least, are you looking for homes to rent in Norwalk? If so, the average rent price paid by renters in Norwalk is 1,592, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Norwalk, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Norwalk is 34.9, split between 49.9 percent male versus 50.1 female. The percentage of residents who report being married in Norwalk is 44, with an average family size of 4.15.
The percentage of residents who report their race in Norwalk is as follows:
White | 37.3% |
Black / African American | 4.7% |
Asian | 13.7% |
American Indian / Alaskan Native | 0.5% |
Native Hawaiian / Other Pacifc Islander | 0.7% |
Multi-racial | 3.1% |
Other | 40% |
Looking for family-friendly neighborhoods in and/or near Norwalk? Or maybe you are searching for 55+ active adult communities in and/or near Norwalk?
The percentage of residents who report their age in Norwalk is as follows:
Under 10 | 13.4% |
Aged 10-19 | 13.8% |
20s | 15.8% |
30s | 14.5% |
40s | 12.9% |
50s | 12.3% |
60s | 9.9% |
70s | 4.6% |
80+ | 2.9% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Norwalk with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Norwalk.
How do you know that living in -- or moving to -- Norwalk is right where you need to be? Perhaps you grew up in Norwalk or already live nearby; therefore, the decision to buy a home in Norwalk is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Norwalk for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Norwalk:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Norwalk.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Norwalk can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Norwalk, meanwhile, can field multiple offers from more qualified buyers.
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