Norfolk County, Massachusetts Housing Market Prices
Norfolk County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 21% above the Massachusetts median Among the 5 most expensive counties in Massachusetts$597,016
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Median rent 22% above the Massachusetts median Among the 3 most expensive counties in Massachusetts$2,149
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Norfolk County | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $597,016 | $494,523 | $248,835 |
| Price Trend (Annual %) | 5.2% | 6.6% | 7.5% |
| Median Gross Rent | $2,149 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 5.7% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Norfolk County is about 21% higher than in Massachusetts. Rent is about 22% higher than the Massachusetts average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Norfolk County, up about 5.2% and 5.7% a year respectively. Rent is changing faster.
Median rent in Norfolk County rose about 61.3% between 2015 and 2024, from $1,332 to $2,149. Over the same span, rent in Massachusetts rose about 59.8%.
Affordability
On average, housing unit costs 4.6 yearly household incomes in Norfolk County.
Buying the median-priced home in Norfolk County costs roughly 23.2 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Norfolk County. The price-to-rent ratio in Massachusetts is about 23.4.
| Metric | Norfolk County | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $597,016 | $494,523 | $248,835 |
| Median Household Income | $131,149 | $104,336 | $80,455 |
| Price-to-Income Ratio | 4.6 | 4.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Norfolk County rose about 59.4%, while median household income rose about 54.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Norfolk County | Massachusetts Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.0% | 57.5% | 58.5% |
| Rental Rate | 30.0% | 34.4% | 31.2% |
| Vacancy Rate | 4.0% | 8.1% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Norfolk County has a homeownership rate of 66.0%, higher than the Massachusetts average of 57.5%. Its housing vacancy rate is 4.0%, compared with 8.1% in Massachusetts.
Housing Stock
| Metric | Norfolk County | Massachusetts Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1965 | 1963 | 1978 |
| Median Number of Rooms | 5.9 | 5.5 | 5.5 |
The typical housing unit in Norfolk County was built around 1965. On average, 2.5 people live in a home with about 5.9 rooms, staying for about 16.0 years on average.
Norfolk County, MA Housing Compared With Nearby Counties
Norfolk County, MA is typical in size for this group, 729,949 residents against a local median of 680,684, so the measures below are close to a like for like comparison. Nothing separates Norfolk County, MA sharply from the counties around it. Each measure below lands within 15% of the local median, close enough that the differences are within what survey sampling alone would produce.
The largest of those small differences is homeownership, 11% above the local median at 68.7% against 61.8%. Norfolk County, MA has the 2nd highest homeownership of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Norfolk County, MA | 729,949 | $597,016 #3/5 | $2,149 #2/5 | 68.7% #2/5 |
| Suffolk County, MA | 779,263 | $753,442 | $2,129 | 36.4% |
| Middlesex County, MA | 1,636,094 | $718,434 | $2,200 | 61.3% |
| Bristol County, MA | 582,104 | $367,046 | $1,244 | 62.3% |
| Plymouth County, MA | 534,586 | $463,963 | $1,747 | 77.6% |
Frequently Asked Questions
Common questions about the housing market in Norfolk County, Massachusetts.
What is the median home price in Norfolk County, Massachusetts?
The median home price in Norfolk County, Massachusetts is $597,016, higher than the Massachusetts average of $494,523.
What is the average home price in Norfolk County, Massachusetts?
The typical home price in Norfolk County, Massachusetts, reported as the median sale price, is $597,016. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Norfolk County, Massachusetts?
The median gross rent in Norfolk County, Massachusetts is $2,149 per month, higher than the Massachusetts average of $1,761.
What was the median gross rent in Norfolk County in 2020?
In 2020, the median gross rent in Norfolk County, Massachusetts was $1,681 per month.
What is the price-to-rent ratio in Norfolk County, Massachusetts?
The price-to-rent ratio in Norfolk County, Massachusetts is about 23.2, meaning it would take roughly 23.2 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Norfolk County.
Are home prices or rent rising faster in Norfolk County, Massachusetts?
Both home prices and rent are rising in Norfolk County, up about 5.2% and 5.7% a year respectively. Rent is changing faster.
What is the homeownership rate in Norfolk County, Massachusetts?
66.0% of households in Norfolk County, Massachusetts own their home, higher than the Massachusetts average of 57.5%.
What is the vacancy rate in Norfolk County, Massachusetts?
The housing vacancy rate in Norfolk County, Massachusetts is 4.0%, lower than the Massachusetts average of 8.1%.
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