Explore Norwalk, CT - Market Insights, Demographics, Crime, Trends & Hotspots

Pulse Score
C+
Cap Rate
1.26%
Investor Friendly Score
53.00%
Median Price
$700,000

Market Insights

The housing market in Norwalk continues to see strong price appreciation, with values up 17.6% compared to last year. Home prices have increased 15.7% in the past month alone. At the current pace, all available homes in Norwalk would sell out in just 1.3 months, indicating a continued supply shortage. Homes are taking about 30 days to sell, which is -6 days longer than this time last year. The majority of homes (68.8%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Norwalk market with the affordability index at 40.7. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.

Demographics market for - Norwalk, CT

Total Population -

101,701

White Population

60.23%

Black Population

11.70%

Mexican21.91% (5.07% of total population)
Puerto Rican12.90% (2.99% of total population)
Cuban1.42% (0.33% of total population)
Dominican5.38% (1.24% of total population)
Salvadoran1.13% (0.26% of total population)
Costa Rican6.58% (1.52% of total population)
Gautemalan10.42% (2.41% of total population)
Honduran9.00% (2.08% of total population)
Nicaraguan0.20% (0.05% of total population)
Panamanian0.37% (0.09% of total population)
Argentinean0.66% (0.15% of total population)
Bolivian0.08% (0.02% of total population)
Chilean0.31% (0.07% of total population)
Colombian15.22% (3.52% of total population)
Ecuadorian8.69% (2.01% of total population)
Peruvian3.03% (0.70% of total population)
Uruguyan1.72% (0.40% of total population)
Venezuelan0.98% (0.23% of total population)

Indian 8.27% (1.91% of total population)
Bangladeshi 0.78% (0.18% of total population)
Chinese 5.35% (1.24% of total population)
Bhutanese 0%
Burmese 0%
Filipino 2.41% (0.56% of total population)
Hmong 0%
Indonesian 0.05% (0.01% of total population)
Japanese 0.40% (0.09% of total population)
Korean 0.95% (0.22% of total population)
Laotian 0.07% (0.02% of total population)
Malaysian 0%
Mongolian 0%
Nepalese 0.46% (0.11% of total population)
Pakistani 0.30% (0.07% of total population)
Srilankan 0.18% (0.04% of total population)
Taiwanese 0.51% (0.12% of total population)
Pakistani 0.30% (0.07% of total population)
Srilankan 0.18% (0.04% of total population)
Taiwanese 0.51% (0.12% of total population)
Thai 0.02% (0.00% of total population)
Vietnamese 0.11% (0.03% of total population)

Hawaiian0%
Samoan0.17% (0.04% of total population)
Chamorro0.27% (0.06% of total population)
Fijian0%
Marshallese0%

Crime for - Norwalk, CT

Embezzlement37.50%
Counterfeiting/Forgery4.17%
Fraud Offenses58.33%

Homicide Offenses100.00%

Motor Vehicle Theft3.67%
Larceny/Theft Offenses60.09%
Destruction/Damage/Vandalism of Property29.82%
Stolen Property Offenses1.83%
Burglary/Breaking & Entering4.59%

Sex Offenses44.83%
Kidnapping/Abduction6.90%
Kidnapping/Abduction48.28%

Assault Offenses100.00%

Robbery100.00%

Real Estate Market Prediction for - Norwalk, CT

City Hotspots

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