Norwalk, CT

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Norwalk short-term rental market based on reliable data.

Listings

145 / 451

Reliable / Active

Cap Rate

6%

Middle-Earners Gross Yield

Revenue

$36,024

Middle-Earners Revenue

Occupancy

63%

Middle-Earners Occupancy

Home Value

$639,076

Median Home Sale Price

Top Earners

$79,816

Top-Earners Revenue

Norwalk

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Norwalk.

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A

Very Investor friendly

Norwalk Regulations

Norwalk treats short-term rentals as standard residential uses, with no city-level licensing, registration, fees, caps, or special zoning approvals required beyond standard housing compliance. The supportive legal climate is reinforced by the 2024 CT Supreme Court ruling affirming STRs as lawful 'residence' uses, and the city has not prioritized enforcement, making compliance straightforward. Key risks lie primarily in HOA/condo restrictions or potential future state legislation, not current municipal barriers.

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About Norwalk

Norwalk is a city located in Western Connecticut, United States, in southern Fairfield County, on the northern shore of the Long Island Sound. Norwalk lies within both the New York metropolitan area and the Bridgeport metropolitan area.Norwalk was originally settled in 1649, and is the sixth-most populous city in Connecticut. According to the 2020 United States Census, it has a population of 91,184.

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