Norfolk County
Massachusetts · Pop. 725,981
Ranked #174 of 200 counties
26Crisis
Median Home Price
🏠$620K
3.2% YoY
Median Rent
🔑$2,200
Median Income
💰$100K
Rent Burden
📊29.0%
% of income to rent
Housing Shortage
🏗️5,000
estimated unit deficit
Building Permits (2024)
📋2,500
Price-to-Income Ratio
⚖️6.2x
Homeownership Rate
🏡68.0%
How Norfolk County Compares
| Metric | Norfolk County | Massachusetts | National |
|---|---|---|---|
| Home Price | $620K | $571K | $410K |
| Rent | $2,200 | $1,757 | $1,500 |
| Income | $100K | $100K | $75K |
| Rent Burden | 29.0% | 36.5% | 30.0% |
| Homeownership | 68.0% | 62.0% | 65.0% |
Key Takeaways
- • Home prices are 51% above the national average.
- • Rent is 47% above the national average.
- • The county has an estimated housing shortage of 5,000 units.
- • 2,500 building permits were issued in 2024.
- • Year-over-year home prices changed by 3.2%.