ZIP Code · CT

ZIP 06850

Part of Norwalk, CT

Pop. 19,692·Fairfield County·13th most expensive ZIP in Connecticut

Median rent (all units)

$2,767/mo

Year-over-Year

+2.2%

Month-over-Month

+0.6%

vs US Median

+$835

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 06850 · $2,767

More expensive than 86% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,880

1 BR

$2,280

2 BR

$2,720

3 BR

$3,290

4 BR+

$3,900

Research median

$2,720/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in ZIP 06850 usually run 0.9% below trend in January and 0.8% above it in August, about $47 a month apart at today's median. Based on 7 years of data.

Compared with the peak

Rent in ZIP 06850 is 0.4% below its high of $2,779 in April 2026, at $2,767 as of September 2026.

Past year vs. the rest of Connecticut

Rent in ZIP 06850 changed +2.2% over the year to September 2026. Across the 64 Connecticut ZIP codes Zillow tracks, the typical change was +3.7%.

Since before the pandemic

Rent in ZIP 06850 is 43.3% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($123,633) is $3,091 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,720); a 3-bedroom is $3,290.

Rank in Norwalk

3rd cheapest of 4 ZIP codes in Norwalk.

From Zillow's monthly rent index (ZORI) for ZIP 06850. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$33,204/yr

At $2,767/mo median

Location

CityNorwalk

StateCT

CountyFairfield County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.2% YoY, +0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 06850 (Norwalk, CT) is roughly split between renters and owners, has a median income above the national average, 51.2% of residents hold a bachelor's degree or higher.

Population

19,692

Median income

$123,633

Median age

Renters

45.9%

Age distribution

16.4%

26.9%

26.1%

15.2%

15.4%

Under 1816.4%

18–3426.9%

35–5426.1%

55–6415.2%

65+15.4%

Gender

47.5%

52.5%

Male47.5%

Female52.5%

Race & ethnicity

48.8%

14.7%

30%

White48.8%

Black14.7%

Hispanic30%

Asian5.6%

Other0.8%

Education (25+)

19.2%

21.3%

51.2%

No HS diploma8.3%

HS diploma19.2%

Some college21.3%

Bachelor's+51.2%

Housing tenure

54.1%

45.9%

Owner54.1%

Renter45.9%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 06850 in Norwalk, CT has changed in 5 years

Rent

$2,117 → $2,767

up 30.7%

Income

$106,259 → $123,633

up 16.4%

Population

19,158 → 19,692

up 2.8%

Renter share

41.8% → 45.9%

+4.1 pts

Bachelor's+

53.2% → 51.2%

-2.0 pts

Median age

40.9 → 40

-0.9 yrs

Compared with 2021, rent in ZIP 06850 in Norwalk, CT has climbed by $650 per month, settling near $2,767 after starting the period at $2,117. Household income in the area moved from $106,259 to $123,633 across the same window, up 16.4% versus 2021. Rent outpaced income growth by roughly 14.3 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 19,158 to 19,692 between 2021 and 2024, a 2.8% change. About 45.9% of households rent today, against 41.8% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 53.2% to 51.2%. Reading these numbers side by side helps frame whether current listings in ZIP 06850 in Norwalk, CT look reasonable against where the market sat half a decade ago.

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About renting in ZIP 06850

Last updated: October 17, 2026

ZIP code 06850 covers Norwalk, CT. The median rent here is $2,767/mo as of October 2026. A 1-bedroom rents for a median of $2,280/mo. A 2-bedroom rents for a median of $2,720/mo.

At 27% of local median household income ($123,633/yr), ZIP 06850 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 06850?

To keep rent at or below 30% of gross income, you would need to earn at least $111,000/year (about $53/hour full-time) to afford the median rent of $2,767/mo in ZIP 06850. The local median household income is $123,633/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 06850?

Rent in ZIP 06850 has risen 2.2% over the past year as of September 2026. It sits 0.4% below its high of $2,779 in April 2026.

When is the cheapest time to rent in ZIP 06850?

Asking rents in ZIP 06850 are usually lowest in January, about 0.9% below their yearly trend, and highest in August, about 0.8% above it. At today's median that is a gap of roughly $47 a month. This pattern comes from 7 years of Zillow rent data.

How does ZIP 06850 compare to other ZIPs in Connecticut?

ZIP 06850 is one of the pricier among Connecticut ZIP codes for rent, ranking #13 of 83 at $2,767/mo. Over the year to September 2026, rent in ZIP 06850 changed +2.2%, against a typical +3.7% across the 64 Connecticut ZIP codes Zillow tracks.