ZIP Code 06854 — Norwalk, CT Home Prices (2026)
The typical home in ZIP 06854 (Norwalk, Connecticut) is worth about $586,000 at roughly $436 per square foot — 14% more affordable than the Norwalk median and 99% more expensive than the typical U.S. home.
How 06854 compares
ZIP 06854 is one of the more affordable ZIP codes in Norwalk: its typical home value of $586,000 ranks #5 of the 5 Norwalk ZIP codes we track (the citywide range runs from $586,000 in 06854 to $2,331,000 in 06853). Per square foot it costs about $436, against $436 for Norwalk as a whole, $263 for Connecticut, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 06854 | $586,000 | $436 |
| Norwalk, CT | $683,000 | $436 |
| Connecticut | $449,500 | $263 |
| United States | $294,000 | $195 |
Home value by size in 06854
Using this ZIP’s rate of about $436 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $436,000 |
| 1,500 sq ft | $654,000 |
| 2,000 sq ft | $872,000 |
| 2,500 sq ft | $1,090,000 |
| 3,000 sq ft | $1,308,000 |
Salary needed to buy a home in ZIP 06854
To buy the typical $586,000 home in ZIP 06854 with 20% down, you need a household income of roughly $159,000 a year (about $3,720 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $189,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $29,300 | $4,620/mo | $198,000/yr |
| 10% (+PMI) | $58,600 | $4,420/mo | $189,000/yr |
| 20% | $117,200 | $3,720/mo | $159,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 06854
At about $436 per square foot, here is roughly how much home different budgets get you in ZIP 06854:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $300k | 690 sq ft | below the local median — condos, smaller or older homes |
| $400k | 920 sq ft | below the local median — condos, smaller or older homes |
| $500k | 1150 sq ft | around the typical home here |
| $600k | 1380 sq ft | around the typical home here |
| $750k | 1720 sq ft | around the typical home here |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 06854 home.
Estimate a specific home in 06854
The estimator below is pre-set to ZIP 06854 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Norwalk ZIP codes by home value
Where 06854 sits among Norwalk’s 5 ZIP codes:
| # | ZIP code | Typical value | $ / sq ft |
|---|---|---|---|
| 1 | 06853 | $2,331,000 | $1229 |
| 2 | 06855 | $776,000 | $569 |
| 3 | 06851 | $683,000 | $388 |
| 4 | 06850 | $651,000 | $368 |
| 5 | 06854 (this page) | $586,000 | $436 |
ZIP 06854 home prices: frequently asked
What is the average home price in ZIP code 06854? +
What is the price per square foot in 06854? +
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See the full Norwalk home values page, all Connecticut cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.