Norwalk, CT Airbnb Market Data, Statistics, and Occupancy Rates

Norwalk Short-Term Rental Market Overview

Norwalk, CT is a compact coastal market about an hour from New York City, with just 63 active Airbnb listings and an average annual revenue of $34,992 per property. Home values averaging roughly $1,009,645 and an ADR of $299 position this as a premium market where selective deal sourcing matters. The market's ROI score of 52 out of 100 reflects average revenue-to-price ratios and occupancy stability, suggesting competitive but viable opportunities for investors who target the right property types and seasons.

Key Market Statistics

According to Rabbu market data, the Norwalk short-term rental market shows:

Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.

Why Investors Consider Norwalk

Norwalk's proximity to New York City and the Connecticut coastline creates a blend of leisure and professional demand that gives STR investors multiple revenue levers to work with.

Expert Market Assessment

"Norwalk represents a competitive opportunity rather than a slam-dunk — higher home values and a market-wide occupancy rate of 24% (below the 37% state average) mean investors need to be strategic about property selection. The real upside lives in 3- and 4-bedroom properties, where RevPAN reaches $143–$168 and annual revenues stretch to $66,304–$79,803. Seasonality is pronounced: July peaks at $4,886 in average monthly revenue while January bottoms out near $1,454, so cash reserves for winter months are important. Investors who pair the right property size with strong amenity packages and competitive pricing during shoulder months can extract meaningful returns from this market."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Norwalk

Average revenue by month in Norwalk

Norwalk exhibits sharp seasonality, with July ($4,886) and August ($4,719) generating more than triple the revenue of January ($1,454) and February ($1,460). The summer peak runs from May through October, giving hosts roughly six months of above-average earnings before a significant winter dip.

Active Airbnb listings by property size in Norwalk

One-bedroom units dominate supply with 36 of 63 total listings (57%), while 3- and 4-bedroom properties are each represented by only 7 listings. The limited supply of larger homes, combined with their superior revenue performance, could signal a competitive opportunity for investors willing to operate bigger properties.

Average daily rate (ADR) by property size in Norwalk

ADR climbs steeply with size — from $184 for 1-bedroom units to $635 for 4-bedroom properties, nearly a 3.5× premium. The jump from 2-bedrooms ($362) to 3-bedrooms ($493) is particularly notable, suggesting guests place significant value on the additional space.

Average RevPAN by property size in Norwalk

Revenue per available night follows a clear upward trajectory, with 4-bedroom properties generating $168 RevPAN compared to just $43 for 1-bedrooms. Three-bedroom listings deliver a strong $143 RevPAN, making them a compelling middle-ground option that pairs solid nightly yield with more moderate acquisition costs than 4-bedroom homes.

Average occupancy rates by property size in Norwalk

Occupancy rates range from 19% for 2-bedroom units to 29% for 3-bedroom properties, with 1-bedroom and 4-bedroom listings landing at 24% and 27% respectively. The relatively narrow band suggests that property size alone isn't the primary occupancy driver — pricing strategy and seasonal management likely play outsized roles in filling calendars.

Average monthly revenue by property size in Norwalk

Four-bedroom properties lead at $6,650 per month, followed by 3-bedrooms at $5,525, while 1-bedroom listings average just $1,831 monthly. The revenue gap between 1-bedroom and 2-bedroom units ($1,831 vs. $3,316) is substantial enough that stepping up in size meaningfully changes the investment equation.

Average annual revenue by property size in Norwalk

Annual revenue ranges from $21,978 for 1-bedroom units to $79,803 for 4-bedroom properties, a nearly 4× difference. Given Norwalk's high average home values ($1,009,645), investors targeting 3-bedroom ($66,304 annual) or 4-bedroom configurations will likely achieve more favorable revenue-to-price ratios than those focused on smaller units.

Most common amenities for Airbnb listings in Norwalk

Parking tops the amenity list at 92%, reflecting Norwalk's suburban, car-dependent character, while kitchen access (84%) and a dedicated workspace (81%) signal that guests expect home-like functionality. Beach access (22%) and waterfront location (10%) are rarer differentiators that could help premium listings stand out during the lucrative summer season.

Understanding Norwalk's ROI Score: 52/100

Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.

How the ROI Score is Calculated

What This Means for Investors

Norwalk's ROI Score of 52 out of 100 places it in the 'Competitive Opportunity' band, meaning the market can deliver returns but demands sharper deal selection than easier-entry markets. Revenue-to-price ratio and occupancy stability both rate as average, while market growth trend scores below average — reflecting the challenge of high home values relative to current STR income. Investors should pair this data with thorough local regulatory research and focus on larger property configurations where revenue potential is strongest.

Short-Term Rental Regulations in Norwalk

Understanding local STR regulations is essential before investing in Norwalk. Here's the current regulatory landscape:

Permit Requirements

The City of Norwalk and the State of Connecticut may require short-term rental hosts to register or obtain a permit before listing a property. Investors should verify current permit requirements with Norwalk's local planning and zoning department, as rules can change and may vary by property type or zone.

Key Restrictions

Common restrictions in similar Connecticut markets include occupancy limits, minimum-stay requirements, parking mandates, and noise ordinances. Some properties may also be subject to HOA rules that restrict or prohibit short-term rentals, so reviewing governing documents before purchasing is essential.

Tax Obligations

Short-term rental operators in Connecticut are generally subject to state room occupancy taxes and potentially local tourism-related assessments. Many booking platforms collect and remit these taxes on behalf of hosts, but investors should confirm their specific obligations with a tax professional familiar with Connecticut STR regulations.

Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Norwalk can provide current regulatory guidance.

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Norwalk's STR market is likely to remain shaped by its strong summer seasonality, with July and August continuing to drive peak revenues above $4,700 per month. Active listings grew 160% year over year, which could put modest downward pressure on occupancy unless demand keeps pace — investors should expect occupancy to hover around 22–28% market-wide, with larger properties outperforming. ADR may see incremental gains of 1–3% as hosts refine pricing strategies, but the below-average market growth trend suggests revenue expansion will be gradual rather than explosive."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Norwalk, CT

What is the average Airbnb occupancy rate in Norwalk?

The current average occupancy rate for Airbnb listings in Norwalk is 24%, which falls below the Connecticut state average of 37%. Occupancy varies by property size — 3-bedroom listings lead at 29%, while 2-bedroom units average 19%. Seasonality plays a significant role, with summer months driving the highest booking activity.

How much do Airbnb hosts make in Norwalk?

Airbnb hosts in Norwalk earn an average of $2,916 per month, or approximately $34,992 annually, based on trailing 12-month performance data. Revenue scales considerably with property size: 1-bedroom units average around $21,978 per year, while 4-bedroom properties bring in roughly $79,803 annually. Peak summer months like July can see monthly revenue reach nearly $4,886.

Is Norwalk a good market for Airbnb investment?

Norwalk carries a Rabbu ROI Score of 52 out of 100, categorized as a 'Competitive Opportunity.' The market has average revenue-to-price ratios and occupancy stability, meaning profitable investments are achievable but require selective property sourcing. Larger homes (3–4 bedrooms) significantly outperform smaller units in both RevPAN and total revenue, so investors targeting those configurations have the strongest return potential. Average home values near $1,009,645 make entry costs substantial, so thorough deal analysis is essential.

What is the average daily rate (ADR) for Airbnb in Norwalk?

The average daily rate across Norwalk's Airbnb market is $299, which is below the Connecticut state average of $373. ADR increases meaningfully with property size: 1-bedroom listings average $184 per night, 2-bedrooms average $362, 3-bedrooms reach $493, and 4-bedroom properties command $635 per night.

Are short-term rentals legal in Norwalk?

Short-term rentals operate in Norwalk, CT, but hosts may need to comply with local permitting, zoning, and registration requirements. Regulations can vary based on property type and location within the city. We recommend checking directly with Norwalk's planning and zoning office and reviewing any applicable HOA restrictions before purchasing an investment property.

When is peak season for Airbnb in Norwalk?

Peak season in Norwalk runs from June through August, with July being the top-performing month at an average revenue of $4,886 per listing. August follows closely at $4,719. Shoulder months like May ($3,048), September ($3,183), and October ($3,187) also perform well above the winter baseline. January and February are the slowest months, each averaging roughly $1,454–$1,460.

How many Airbnbs are there in Norwalk?

As of April 2026, Norwalk has 63 active Airbnb listings. The market saw 160% year-over-year growth in listing count. One-bedroom properties make up the largest share of supply at 36 listings, followed by 2-bedrooms (10), and 3- and 4-bedrooms with 7 each.

How is Airbnb revenue calculated in Norwalk?

The annual and monthly revenue figures for Norwalk are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market — they are not forward-looking projections. We average each comparable listing's actual revenue per available night (RevPAN) by month over the past year, remove regional outliers, and aggregate the results to a market-level historical average. Because each month uses its own historical performance data, seasonal peaks and slower periods are naturally reflected in the figures. Individual results can vary based on property quality, pricing strategy, and operational management.

About Rabbu Market Data

Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.

What this data includes

• Regularly updated active Airbnb and STR listing counts for Norwalk and surrounding areas
• Average daily rate, occupancy, and RevPAN trends by property size
• Monthly and annual revenue estimates based on trailing 12-month booking performance
• Popular amenity prevalence across active listings to benchmark guest expectations
• Home value data sourced from Zillow Home Value Index (ZHVI) for investment analysis

Sources and disclaimers

Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month averages and current snapshots as of the dates noted; market conditions can shift due to regulatory changes, economic trends, or seasonal factors. Individual property results will vary based on location, condition, pricing strategy, and management quality.