Norwalk, CT
- Overview
- Performance
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Key Performance Metrics
Market snapshotPerformance indicators for the Norwalk short-term rental market based on reliable data.
Listings
96 / 447
Reliable / Active
Cap Rate
6%
Middle-Earners Gross Yield
Revenue
$39,357
Middle-Earners Revenue
Occupancy
63%
Middle-Earners Occupancy
Home Value
$631,765
Median Home Sale Price
Top Earners
$76,160
Top-Earners Revenue
Norwalk
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Norwalk.
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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.
Local STR Agent
STR specialist · Norwalk, CT
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.