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Housing

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  HOUSING OVERVIEW
  

The median home value in Norfolk, Massachusetts, is $487,400. Home appreciation is -7.43% over the last year. The median age of Norfolk, Massachusetts, real estate is 32 years.

Norfolk, Massachusetts Apartments and Rentals

Renters make up 5.50% of the Norfolk, Massachusetts, population. 2.78% of houses and apartments in Norfolk, Massachusetts, are unoccupied (vacancy rate).

  HOUSINGNorfolk, MassachusettsUnited States
  Median Home Age  3237
  Median Home Cost  $487,400$185,800
  Home Appr. Last 12 months  3.74%3.74%
  Home Appr. Last 5 yrs.  5.75%16.02%
  Home Appr. Last 10 yrs.  -7.43%-0.68%
  Property Tax Rate  $12.23$11.80
  Homes Owned  91.73%56.34%
  Housing Vacant  2.78%12.45%
  Homes Rented  5.50%31.21%
  AVERAGE RENT FOR HOME OR APARTMENT
  Studio Apartment  $830$712
  1 Bedroom Home or Apartment  $940$825
  2 Bedroom Home or Apartment  $1,150$1,027
  3 Bedroom Home or Apartment  $1,430$1,379
  4 Bedroom Home or Apartment  $1,580$1,601
  VACANT HOUSING
  Vacant For Rent  0.00%2.34%
  Vacant Rented  0.00%0.46%
  Vacant For Sale  2.08%1.20%
  Vacant Sold  0.00%0.46%
  Vacant Vacation  0.00%3.97%
  Vacant Other  0.70%4.02%
  VALUE OF OWNER-OCCUPIED HOUSING
  Less Than $20,000  0.53%4.57%
  $20,000 to $39,999  0.33%3.37%
  $40,000 to $59,999  0.00%4.19%
  $60,000 to $79,999  0.27%5.74%
  $80,000 to $99,999  0.00%6.79%
  $100,000 to $149,999  0.27%15.19%
  $150,000 to $199,999  1.46%14.69%
  $200,000 to $299,999  6.36%18.15%
  $300,000 to $399,999  24.36%10.43%
  $400,000 to $499,999  35.81%5.70%
  $500,000 to $749,999  26.52%6.39%
  $750,000 to $999,999  3.49%2.41%
  $1,000,000 or more  0.60%2.39%
  HOUSING UNITS BY YEAR STRUCTURE BUILT
  2010 and newer  1.62%2.03%
  2000 to 2009  10.75%14.63%
  1990 to 1999  11.05%14.01%
  1980 to 1989  29.88%13.70%
  1970 to 1979  18.22%15.66%
  1960 to 1969  11.05%14.01%
  1950 to 1959  7.85%10.63%
  1940 to 1949  1.74%5.25%
  1939 or Earlier  8.61%13.09%

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