There are currently 21,570 real estate properties in Norwalk, CA, with a median automated valuation model (AVM) price of $640,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Norwalk, CA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Norwalk, CA, is $647,862.00, with the most expensive house in Norwalk, CA, topping out at $81,000,000.00 and the cheapest home in Norwalk, CA, clocking in at $106,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Norwalk, CA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Norwalk, CA, is on a rollercoaster ride. The average rent price in Norwalk, CA, is $2,425.00. Indeed, when looking to rent in Norwalk, CA, you can expect to pay as little as $1,040.00 or as much as $5,720.00, with the average rent median estimated to be $2,450.00. The good news is that finding an affordable and desirable property to rent in Norwalk, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Norwalk, CA area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Norwalk, CA and much more. Save thousands at closing with home foreclosure listings in Norwalk, CA — up to 75% off market value!
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:
|Black / African American||4.7%|
|American Indian / Alaskan Native||0.5%|
|Native Hawaiian / Other Pacifc Islander||0.7%|
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:
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.