Norton, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Norton Neighborhoods Since 2000




Norton, 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

Norton Housing Market Information

With a population of 19,468, 6,151 total housing units (homes and apartments), and a median house value of $396,086, real estate costs in Norton are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Massachusetts communities.

Single-family detached homes are the single most common housing type in Norton, accounting for 68.10% of the town's housing units. Other types of housing that are prevalent in Norton include row houses and other attached homes ( 12.78%), large apartment complexes or high rise apartments ( 11.30%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.13%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Norton. Owner-occupied housing accounts for 73.38% of Norton's homes, and 61.36% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Norton 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 Norton built between 1940-1969 ( 22.82%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.54%). There's also some housing in Norton built before 1939 ( 9.75%).

Norton Home Appreciation Rates

Real estate appreciation rates in Norton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.62% during the period.

Appreciation rates are so strong in Norton that despite a nationwide downturn in the housing market, Norton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Norton appreciation rates continue to be some of the highest in America, at 5.62%, which is higher than appreciation rates in 70.53% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Norton. Norton appreciation rates in the latest quarter were at 0.64%, which equates to an annual appreciation rate of 2.59%.

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

Average Home Values

 

Median Home Value:
$396,086

Norton, MA HOME PRICES

Value Range
> $1,154,000 1.0
$865,001 - $1,154,000 0.4
$577,001 - $865,000 7.7
$462,001 - $577,000 14.5
$346,001 - $462,000 31.6
$231,001 - $346,000 29.2
$115,001 - $231,000 11.3
$58,001 - $115,000 1.2
$0 - $58,000 3.2

Average for MA
Very High for Nation

Value Relative to Nation Value Relative to State
9.65076760810969 43.2692307692308

Number Of Homes And Apartments:
6,151

Norton 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
49.46% 2.36% 5 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,629 / per month

Homeownership Rate

Homeownership
Owners 73.38
Renters 26.62
Vacant 5.27

Housing Market Details

 

Age of Homes

AGE OF Norton HOMES
2000 or Newer 12.5
1970 - 1999 54.9
1940 - 1969 22.8
1939 or Older 9.7

Types of Homes

TYPE OF Norton HOMES
Single-Family 68.1
Townhomes 12.8
Small Apt. Buildings 5.1
Apt. Complexes 11.3
Mobile Homes 2.7
Other 0.0

Home Size

SIZE OF Norton HOMES
No Bedroom 1.83
1 Bedroom 5.70
2 Bedrooms 27.92
3 Bedrooms 42.28
4 Bedrooms 19.08
5 or more bedrooms 3.19