The median home in Norwalk, Iowa is valued at $326,298, up 2.3% year over year. Typical monthly rent is $1,472, producing a price-to-rent ratio of 18.5x — near the national average of 18x. Norwalk is part of the Des Moines-West Des Moines, IA metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Des Moines-West Des Moines, IA stress score, crash risk, and 12-month forecast →

Home Value$326,298

+2.3%

Rent$1,472/mo

AFFORDABILITY

Enter your income for Norwalk.

Income (annual)

Down Payment

$65,260 on $326,298

Stretch — 35.6% of income

Above 28% but manageable with cuts.

PITI$2,227

P/I35.6%

Afford$256K

Gap-$70K

P&I $1,650Tax $427Ins $150

Renting $755/mo cheaper ($1,472 rent)6.50% 30yr, 20% down, county tax + IA ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Iowa

Compare Norwalk with other housing markets across Iowa.

West Okoboji$794K Orleans$629K Wahpeton$550K Shueyville$525K Cumming$508K Panora$474K Honey Creek$441K Ackworth$437K

Full Des Moines-West Des Moines, IA analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Des Moines-West Des Moines, IA metro.

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NORWALK, IA