The housing in Norfolk, MA is significantly higher than the US median value, with a median value of $648,600. This is almost double the US median value of $338,100. Moreover, over the past year, the house appreciation rate in Norfolk has been 8.56%, slightly higher than the US average rate of 8.27%. This shows that buying a house in Norfolk is an attractive and profitable investment opportunity.
The median home cost in Norfolk is $648,600. Home appreciation the last 10 years has been 77.1%. Home Appreciation in Norfolk is up 11.8%.
Average Age of Homes
- The median age of Norfolk real estate is 35 years old
The Rental Market in Norfolk
- Renters make up 5.5% of the Norfolk population
- 0.0% of houses and apartments in Norfolk, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.