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These days, finding an affordable place to live in the Norfolk area can be challenging. Home prices in Norfolk are now at a median cost of $733,819, higher than the Massachusetts average of $625,090.
The average cost of rent is $1,931/mo in Norfolk, primarily driven by the current value of real estate in the Norfolk area. In Norfolk, 5.06% of households rent, and 27.06% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Norfolk is $16,900 per month. Households that rent pay about 11.42% of their income on rent here. Norfolk’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- South Walpole, MA: less expensive homes
- Millis, MA: less expensive homes
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- Franklin Town, MA: less expensive homes
- Walpole, MA: equally priced homes
- West Foxboro, MA: less expensive homes
- Medfield, MA: higher priced homes
- Harding, MA: equally priced homes
- Medway, MA: less expensive homes
- Foxborough, MA: less expensive homes
Cities with Similar Populations
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