ZIP Code · CT

ZIP 06854

Part of Norwalk, CT

Pop. 32,118·Fairfield County·17th most expensive ZIP in Connecticut

Median rent (all units)

$2,722/mo

Year-over-Year

+3.9%

Month-over-Month

+0.8%

vs US Median

+$790

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 06854 · $2,722

More expensive than 85% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,620

1 BR

$1,960

2 BR

$2,350

3 BR

$2,860

4 BR+

$3,310

Research median

$2,350/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

March. Asking rents in ZIP 06854 usually run 1.6% below trend in March and 1.5% above it in October, about $84 a month apart at today's median. Based on 9 years of data.

Compared with the peak

Rent in ZIP 06854 is 0.3% below its high of $2,730 in May 2026, at $2,722 as of September 2026.

Past year vs. the rest of Connecticut

Rent in ZIP 06854 changed +3.9% over the year to September 2026. Across the 64 Connecticut ZIP codes Zillow tracks, the typical change was +3.7%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 06854 rose 40.5% while median household income rose 24.4% ($69,659 to $86,679). Rent outpaced income.

Since before the pandemic

Rent in ZIP 06854 is 44.6% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 2 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($86,679) is $2,167 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,960); a 2-bedroom is $2,350.

Rank in Norwalk

2nd cheapest of 4 ZIP codes in Norwalk.

From Zillow's monthly rent index (ZORI) for ZIP 06854. 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

$32,664/yr

At $2,722/mo median

Location

CityNorwalk

StateCT

CountyFairfield County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.9% YoY, +0.8% MoM), not inventory.

Demographics

Who lives here

ZIP 06854 (Norwalk, CT) is roughly split between renters and owners, 35.5% of residents hold a bachelor's degree or higher.

Population

32,118

Median income

$86,679

Median age

37.7

Renters

52.9%

Age distribution

22.3%

24.5%

24.7%

13.3%

15.2%

Under 1822.3%

18–3424.5%

35–5424.7%

55–6413.3%

65+15.2%

Gender

52.4%

47.6%

Male52.4%

Female47.6%

Race & ethnicity

32.4%

24.6%

41.8%

White32.4%

Black24.6%

Hispanic41.8%

Asian3.6%

Education (25+)

15%

25.6%

23.9%

35.5%

No HS diploma15%

HS diploma25.6%

Some college23.9%

Bachelor's+35.5%

Housing tenure

47.1%

52.9%

Owner47.1%

Renter52.9%

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

2021 vs 2026

How ZIP 06854 in Norwalk, CT has changed in 5 years

Rent

$1,952 → $2,722

up 39.4%

Income

$73,552 → $86,679

up 17.8%

Population

30,352 → 32,118

up 5.8%

Renter share

51.7% → 52.9%

+1.2 pts

Bachelor's+

36.9% → 35.5%

-1.4 pts

Median age

36.6 → 37.7

+1.1 yrs

Since 2021, the typical rent in ZIP 06854 in Norwalk, CT has increased from $1,952 to $2,722, a 39.4% change over five years. Household income in the area moved from $73,552 to $86,679 across the same window, up 17.8% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 5.8% since 2021, moving from about 30,352 residents to roughly 32,118. Reading these numbers side by side helps frame whether current listings in ZIP 06854 in Norwalk, CT look reasonable against where the market sat half a decade ago.

Community

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About renting in ZIP 06854

Last updated: October 17, 2026

ZIP code 06854 covers Norwalk, CT. The median rent here is $2,722/mo as of October 2026. A 1-bedroom rents for a median of $1,960/mo. A 2-bedroom rents for a median of $2,350/mo.

At 38% of local median household income ($86,679/yr), ZIP 06854 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 06854?

To keep rent at or below 30% of gross income, you would need to earn at least $109,000/year (about $52/hour full-time) to afford the median rent of $2,722/mo in ZIP 06854. The local median household income is $86,679/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 06854?

Rent in ZIP 06854 has risen 3.9% over the past year as of September 2026. It sits 0.3% below its high of $2,730 in May 2026.

When is the cheapest time to rent in ZIP 06854?

Asking rents in ZIP 06854 are usually lowest in March, about 1.6% below their yearly trend, and highest in October, about 1.5% above it. At today's median that is a gap of roughly $84 a month. This pattern comes from 9 years of Zillow rent data.

Has rent outpaced income in ZIP 06854?

Yes. From 2019 to 2024, rent in ZIP 06854 rose 40.5% while median household income rose 24.4%, from $69,659 to $86,679. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 06854 compare to other ZIPs in Connecticut?

ZIP 06854 is one of the pricier among Connecticut ZIP codes for rent, ranking #17 of 83 at $2,722/mo. Over the year to September 2026, rent in ZIP 06854 changed +3.9%, against a typical +3.7% across the 64 Connecticut ZIP codes Zillow tracks.