Home Price Key
Affordable
Average
Expensive
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 $566,469, higher than the Massachusetts average of $477,554.
The average cost of rent is $1,459/mo in Norfolk, primarily driven by the current value of real estate in the Norfolk area. While nearly 20.48% of residents own their homes outright in Norfolk, 4.35% rent.
Housing affordability isn’t just about home prices, though. The average household income in Norfolk is $13,825 per month. Households that rent pay about 10.56% of their income on rent here. Norfolk's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- South Walpole, MA: less expensive homes
- Millis, MA: less expensive homes
- Wrentham, MA: less expensive homes
- 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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- Chelsea, AL: less expensive homes
- Chelsea, MI: less expensive homes
- Cheraw, SC: less expensive homes
- Central, SC: less expensive homes
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