Surrounding Submarket Area
Norwalk, Connecticut is a part of the West Fairfield County Submarket submarket area, and contains 10 zip codes, including: 06857, 06852, 06851, 06856, 06854, and 06855.
Norwalk Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Norwalk, CT submarket area was $2,441, which is 9.31% higher than 2014 average rent. This represents a compounded annual growth rate of 1.80%. 2019 vacancy in Norwalk, CT was 7.40%.
The total population of the city of Norwalk, CT has grown 4.02% since 2010. As of 2018, the population was 89,047. The median household income of the Norwalk was $82,474, which is 36.79% higher than the national average.
Submarket Area
Avg Rent
Rent Growth
Vacancy
Median Income
Population (2018)
Population Growth
Vs. Nat’l Avg
Zip Code
West Fairfield County Submarket
$2,441
9.31%
7.40%
$82,474
89,047
4.02%
36.79%
06850 06851 06852 06853 06854 06855 06856 06857 06858 06860
Submarket Area West Fairfield County Submarket
Avg Rent $2,441
Rent Growth 9.31%
Vacancy 7.40%
Median Income $82,474
Population (2018) 89,047
Population Growth 4.02%
Vs. Nat’l Avg 36.79%
Zip Code 06850 06851 06852 06853 06854 06855 06856 06857 06858 06860