Norwalk, California.
Typical home $753,844 (+1.5% in a year), asking rent $2,662 (+1.6%). Los Angeles-Long Beach-Anaheim, CA metro.
to buy the typical home at today's mortgage rate — +$2,061 (+109%) since Jan 2020.
- 1 year
- Up $11,232 +2%
- $742,612$753,844 since Sep 2025
- 5 years
- Up $126,293 +20%
- $627,551$753,844 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Norwalk$3,957
- California$3,997
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 19 years.
Typical home values in Norwalk, CA rose 1.5% over the past year — faster than the nation's +1.2%.
Asking rents in Norwalk, CA rose 1.6% over the past year — slower than the nation's +2.7%.
Owning the typical home in Norwalk runs $2,529/mo more than renting one. The gap peaked at $2,772 in Jan 2025.
That is $5,191 a month against $2,662 rent: a $3,957 mortgage payment, plus $427 property tax and $807 insurance & upkeep.
Owning vs renting — Norwalk
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$5,191
- Renting$2,662
- Mortgage only$3,957
Property tax · $427/mo 0.68% of value a year — the ACS 2020-2024 median bill over the median home value for Los Angeles County, CA
Insurance & upkeep · $807/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Norwalk, Los Angeles County, California
Norwalk is a city of 102,773 people in Los Angeles County. Half its households earn more than $100,085 a year and half less, against $90,112 across Los Angeles County; 9% of its people live below the poverty line. 68% of its homes are lived in by their owners and 32% are rented. Unemployment in Norwalk was 4.8% in August 2026, and Los Angeles County had about as many jobs in 2025 as the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Norwalk is a city in Los Angeles County, home to a large population by the standards of most American towns. Household incomes run higher than across the county, and most homes are lived in by their owners rather than rented. Fewer adults hold a four-year degree than you might expect for the region, and the typical commute is a long one.
Work. Residents work mostly in schools, hospitals and social care, with manufacturing, retail and professional and business services also employing many. Some of the largest workplaces in Norwalk are Metropolitan State Hospital, the Norwalk-La Mirada Unified school district and Cerritos College. Unemployment is lower than it was a year ago.
Things to do. Winters are mild and summers warm, with little rain through the year. Disneyland, the best known amusement park in the area, is a longer drive away, as is SoFi Stadium, a major stadium. The Getty Center, a museum, is also a longer drive away.
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- 27,216households
- 21%of adults have a degree
- 9%below the poverty line
- 30 mintypical commute
- 8%work from home
What residents work in
Employed residents by industry, from the Census survey. Los Angeles County had 4,525,460 jobs in 2025, about as many as the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 68° and lows near 46°; warmest in August, with highs near 87° and lows near 66°. About 12 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Fullerton Municipal Airport weather station, 6 miles away (NOAA).
Largest workplaces in Norwalk
- Metropolitan State HospitalPsychiatric hospital2,027FTE
- Norwalk-La Mirada UnifiedSchool district1,494FTE
- Cerritos CollegeTwo-year college1,484
- Los Angeles County Registrar-Recorder County ClerkGeneral public administration1,134
- Costco WholesaleWholesale grocer424
- CabinetsCabinets, kitchen, stock or custom wood, manufacturing385
- Doty Bros. Equipment CoUtility line, construction318
- Southland Care CenterSkilled nursing facilities256
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 33 workplaces with 20 or more staff, 6,975 people in all. Hospitals come from their Medicare cost reports (CMS, 2023), school districts from the Common Core of Data (NCES, 2023–24) and colleges from IPEDS (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- EarthquakesRelatively high
- Inland floodingRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Norwalk’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Los Angeles County and the Los Angeles-Long Beach-Anaheim, CA metro.
Norwalk home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Norwalk$753,844
- California$761,538
- United States$366,157
Sellers are cutting prices on about 1 in 6 Norwalk listings, and the typical home goes pending in 17 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Norwalk17.86%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Norwalk17
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Norwalk103
New listings per month
Sellers arriving at the market.
- Norwalk43
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Norwalk$743,860
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Norwalk101.18%
Zip codes with a Norwalk address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Norwalk — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.