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These days, finding an affordable place to live in the Medfield area can be challenging. Home prices in Medfield are now at a median cost of $923,981, higher than the Massachusetts average of $625,090.
The average cost of rent is $1,980/mo in Medfield, primarily driven by the current value of real estate in the Medfield area. In Medfield, 14.04% of households rent, and 35.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Medfield is $17,502 per month. Households that rent pay about 11.31% of their income on rent here. Medfield’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Harding, MA: less expensive homes
- Millis, MA: less expensive homes
- Dover, MA: higher priced homes
- Walpole, MA: less expensive homes
- East Walpole, MA: less expensive homes
- Norfolk, MA: less expensive homes
- Sherborn, MA: higher priced homes
- Norwood, MA: less expensive homes
- Westwood, MA: higher priced homes
- South Walpole, MA: less expensive homes
Cities with Similar Populations
- Adairsville, GA: less expensive homes
- Batesville, MS: less expensive homes
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- Babylon, NY: less expensive homes
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- Atchison, KS: less expensive homes
- Arkadelphia, AR: less expensive homes
- Archdale, NC: less expensive homes
- Aransas Pass, TX: less expensive homes
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