Norton MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Norton Housing Market Information

With 19,948 people, 6,458 houses or apartments, and a median cost of homes of $423,790, 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 67.80% of the town's housing units. Other types of housing that are prevalent in Norton include row houses and other attached homes ( 12.36%), large apartment complexes or high rise apartments ( 11.43%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.55%).

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 75.32% of Norton's homes, and 59.90% 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 ( 22.38%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.04%). There's also some housing in Norton built before 1939 ( 9.09%).

Norton Home Appreciation Rates

Appreciation rates for homes in Norton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 30.90%, which ranks in the top 50% nationwide. This equates to an annual average Norton house appreciation rate of 2.73%.

NeighborhoodScout's data show that during the latest twelve months, Norton's appreciation rate, at 4.24%, has been at or slightly above the national average. In the latest quarter, Norton's appreciation rate has been 0.84%, which annualizes to a rate of 3.39%.

Relative to Massachusetts, our data show that Norton's latest annual appreciation rate is higher than 50% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$423,790

Norton, MA HOME PRICES

Value Range
> $1,181,000 1.3
$886,001 - $1,181,000 0.8
$590,001 - $886,000 10.7
$472,001 - $590,000 18.3
$354,001 - $472,000 33.4
$236,001 - $354,000 27.8
$118,001 - $236,000 5.6
$59,001 - $118,000 1.0
$0 - $59,000 1.3

Average for MA
Very High for Nation

Value Relative to Nation Value Relative to State
10.9313868613139 50.0

Number Of Homes And Apartments:
6,458

Norton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
73.68% 2.73%
5
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,490 / per month

Homeownership Rate

Homeownership
Owners 75.32
Renters 24.68
Vacant 4.03

Housing Market Details

 

Age of Homes

AGE OF Norton HOMES
2000 or Newer 15.0
1970 - 1999 53.5
1940 - 1969 22.4
1939 or Older 9.1

Types of Homes

TYPE OF Norton HOMES
Single-Family 67.8
Townhomes 12.4
Small Apt. Buildings 6.6
Apt. Complexes 11.4
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF Norton HOMES
No Bedroom 1.13
1 Bedroom 4.29
2 Bedrooms 29.74
3 Bedrooms 42.31
4 Bedrooms 17.60
5 or more bedrooms 4.93