Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$764,424+2.5% YoY · prices are rising
Market right nowBalanced marketMore homes for sale than last year, 19% have cut their price
Income needed to buy, per year$165,711About 1.2× the local median income ($137,533): a stretch for a typical household
Days on market39 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+1.4%Zillow expects prices to rise slightly
The typical home in Norfolk County, MA is worth $764,424, up 2.5% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $747,311, so the area is 2.3% overvalued. It is a balanced market: homes take about 39 days to sell, listings are up 23% from a year ago, 19% of listings have had a price cut. Zillow expects prices to rise about 1.4% over the next year. A household needs about $165,711 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $137,533. Typical rent is $2,843 a month, or $3,331 for a house. In the latest IRS figures, 2,374 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$764,424
Change in 1 year
+2.5%
Overvalued %
+2.3%
Show 7 more
Fair home value
$747,311
Change in 5 years
+22.3%
Zillow forecast, next 12 months
+1.4%
Home value to income
5.6×
Monthly mortgage payment (20% down)
$4,143
Income needed to afford it
$165,711
Property tax rate
1.06%
Rent and investing
Typical rent
$2,843
Typical rent for houses
$3,331
Price-to-rent ratio
22.4×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$2,987
Gross rental yield
4.46%
Cap rate (estimate)
2.90%
Market activity
Listings vs a year ago
+23.3%
Days on market
39
Listings with a price cut
18.9%
Show 3 more
Homes for sale
1,343
Pending sales per 100 listings
66
Asking price per sq ft
$439
People and jobs
Median household income
$137,533
Population change (1 year)
+0.3%
Unemployment rate
4.9%
Show 4 more
Population
739,749
Income adjusted for cost of living
$126,993
Net moves in (IRS)
−2,374
Cost of living (US = 100)
108.3
Schools, risk and environment
School rating (1 to 10)
7.6
FEMA hazard risk score (0 to 100)
92.0
Unhealthy air days a year
2
Show 4 more
Flood risk score
95.5
Wildfire risk score
49.8
Walkability (1 to 20)
11.3
Road, rail and air noise
54 dB
Questions people ask
Is Norfolk County, MA overvalued?
Home prices in Norfolk County, MA are slightly above what local incomes have historically supported: fair value is about $747,311, so the area is 2.3% overvalued.
Is Norfolk County, MA a buyer's or seller's market?
Norfolk County, MA is a balanced market: homes take about 39 days to sell, listings are up 23% from a year ago, 19% of listings have had a price cut.
Are home prices going down in Norfolk County, MA?
Home values in Norfolk County, MA are up 2.5% over the last year. Zillow's forecast for the next 12 months is +1.4%.
How much do you need to earn to buy a home in Norfolk County, MA?
A household needs about $165,711 a year to afford the typical home in Norfolk County, MA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $137,533.