Medfield, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Medfield, MA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Medfield Housing Market Information

With a population of 12,718, 4,090 total housing units (homes and apartments), and a median house value of $675,595, Medfield house prices are not only among the most expensive in Massachusetts, Medfield real estate also is some of the most expensive in all of America.

Medfield is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Medfield than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Medfield. Owner-occupied housing accounts for 87.62% of Medfield's homes, and 71.42% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Medfield built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Medfield built between 1940-1969 ( 34.70%). A lesser amount of the housing stock also hails from before 1939 ( 9.73%). There's also some housing in Medfield built between 2000 and later ( 7.21%).

Medfield Home Appreciation Rates

In the last 10 years, Medfield has experienced some of the highest home appreciation rates of any community in the nation. Medfield real estate appreciated 14.99% over the last ten years, which is an average annual home appreciation rate of 1.41%, putting Medfield in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Medfield definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Medfield that despite a nationwide downturn in the housing market, Medfield real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Medfield appreciation rates continue to be some of the highest in America, at 6.14%, which is higher than appreciation rates in 75.18% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Medfield. Medfield appreciation rates in the latest quarter were at 1.07%, which equates to an annual appreciation rate of 4.36%.

Relative to Massachusetts, our data show that Medfield's latest annual appreciation rate is higher than 70% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$675,595

Medfield, MA HOME PRICES

Value Range
> $1,164,000 7.2
$872,001 - $1,164,000 18.3
$582,001 - $872,000 39.8
$465,001 - $582,000 18.3
$349,001 - $465,000 11.2
$233,001 - $349,000 0.7
$116,001 - $233,000 3.7
$58,001 - $116,000 0.0
$0 - $58,000 0.9

Very High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
2.88878471815305 9.2948717948718

Number Of Homes And Apartments:
4,090

Medfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
54.82% 2.57% 7 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,447 / per month

Homeownership Rate

Homeownership
Owners 87.62
Renters 12.38
Vacant 5.50

Housing Market Details

 

Age of Homes

AGE OF Medfield HOMES
2000 or Newer 7.2
1970 - 1999 48.4
1940 - 1969 34.7
1939 or Older 9.7

Types of Homes

TYPE OF Medfield HOMES
Single-Family 83.5
Townhomes 4.2
Small Apt. Buildings 2.5
Apt. Complexes 9.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Medfield HOMES
No Bedroom 1.09
1 Bedroom 7.19
2 Bedrooms 12.57
3 Bedrooms 24.82
4 Bedrooms 46.60
5 or more bedrooms 7.74

Popular Neighborhoods in Medfield

Zip Codes in Medfield, MA