The housing market in Norfolk, Massachusetts (zip code 02056) is booming. The median value of homes in the area is $685,500, which is higher than the national median of $338,100. This difference reflects the strength of the local economy and demand for homes in the area. In addition, over the past year, house appreciation here has been 8.56%, significantly higher than the US 1 year house appreciation rate of 8.27%. Norfolk's thriving culture and convenient access to Boston makes it an attractive destination for those looking to buy a home.
The median home cost in Norfolk (zip 02056) is $685,500. Home appreciation the last 10 years has been 77.1%. Home Appreciation in Norfolk (zip 02056) is up 11.8%.
Average Age of Homes
- The median age of Norfolk (zip 02056) real estate is 35 years old
The Rental Market in Norfolk (zip 02056)
- Renters make up 5.5% of the Norfolk (zip 02056) population
- 0.0% of houses and apartments in Norfolk (zip 02056), 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.