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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 19,108 people, 6,588 houses or apartments, and a median cost of homes of $567,209, 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 66.67% of the town's housing units. Other types of housing that are prevalent in Norton include large apartment complexes or high rise apartments ( 13.23%), row houses and other attached homes ( 11.73%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.49%).
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 74.35% of Norton's homes, and 59.08% 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 2000 and later ( 18.78%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.25%). There's also some housing in Norton built before 1939 ( 8.65%).
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 6.13% during the period.
NeighborhoodScout's data show that during the latest twelve months, Norton's appreciation rate, at 6.98%, has been at or slightly above the national average. In the latest quarter, Norton's appreciation rate has been 2.99%, which annualizes to a rate of 12.50%.
Importantly, this makes Norton one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Massachusetts, our data show that Norton's latest annual appreciation rate is lower than 60% of the other cities and towns in Massachusetts.
$567,209
for Massachusetts
for nation
6,588
$4,010 / per month