06854, Norwalk, CT

Norwalk, CT is located in the 6854 zip code. According to the 2010 census, Norwalk has a population of approximately 106,000 people. Home equity and home prices in the 6854 zip code are important factors to consider when looking at buying or selling a home in Norwalk.

According to Zillow, as of March 2013, the median home value in the 6854 zip code was $225,000. This is significantly higher than the national median home value of $177,500. In addition, Zillow reports that as of March 2013, the average home equity ratio (the percentage of a homeowner's total mortgage debt that is owed on their primary residence) in Norwalk was 74%. This is significantly higher than the national average home equity ratio of 63%. These high levels of home equity indicate that homeowners in Norwalk are relatively confident about their ability to maintain their homes and may be more likely to sell their homes quickly if they need to relocate for any reason.

While there are certainly some homeowners in Norwalk who have substantial amounts of debt remaining on their homes (due either to high levels of mortgage debt or other debts), it is also worth noting that there are many homeowners who have significant amounts of equity in their homes. This indicates that homeownership rates and demand for housing in Norwick are relatively strong - which could lead to increased prices for properties in the future if current trends continue.