Commercial Real Estate Market in Norwalk, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
40 active listings and 1,143 off-market properties in Norwalk, OH.
Market Trends
Norwalk, OH spans 81.6 square miles in Huron County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Norwalk, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Norwalk, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Norwalk, OH runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Norwalk, OH runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 63.3%
- Industrial 20.8%
- Commercial 15.2%
- Civic 0.4%
Largest Zones share of zoned land by district
One Family Residence District
Multifamily Residence District
General Business District
One And Two Family Residence District
Heavy Manufacturing District
Norwalk, OH zones 5,229 acres across 12 districts. Commercial zoning covers 15.2% of zoned land, residential 63.3% and industrial 20.8%. The largest single district is One Family Residence District at 34.2%. For commercial buyers the practical constraint is that only 36.1% of land carries a commercial or industrial designation.
One Family Residence District (R1)
The purpose of the R-1 District is to encourage the establishment of single-family residences with a maximum density of six dwelling units per acre
Market overview
Demographics & Economy
Norwalk, OH has 23,619 residents in 10,579 households. Density runs 290 people per square mile. Median household income here is $62,227 and median gross rent $795 a month.
23,619
Population
10,579
Households
2.2
Avg Household Size
41
Median Age
21%
College-Educated
93%
High-School Grad
81.6 sq mi
ZIP Area
290
Density / Sq Mi
$62,227
Median Household Income
$42,100
Median Earnings
$795
Median Rent
$170,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Milan | — | — |
| Monroeville | — | — |
| East Townsend | — | — |
| Berlinville | — | — |
Commercial property in Norwalk, OH asks $84/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Norwalk?
Commercial property in Norwalk, OH asks an average of $84 per square foot.
What zoning applies to commercial property in Norwalk?
Norwalk, OH zones 5,229 acres across 12 districts, of which 15.2% is commercial and 20.8% industrial. The largest single district is One Family Residence District at 34.2% of zoned land. The purpose of the R-1 District is to encourage the establishment of single-family residences with a maximum density of six dwelling units per acre Residential zoning covers 63.3% and open space 0%.
Where does Realmo's Norwalk market data come from?
Realmo compiles Norwalk, OH figures from 5 recent recorded sales, 36 active sale listings, 4 active lease listings, 1,143 tracked off-market properties, the current Norwalk zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 36 active for-sale and 4 active for-lease listings in Norwalk, OH. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 5,229 zoned acres across 12 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
