45 / 100

Norfolk County, MA

RANK #545 / 996  ·  POP 722,112  ·  MA

PROJECTED GROWTH: +0.5%

Norfolk County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Norfolk County?

Norfolk County, Massachusetts, is often recognized as the "County of Presidents," being the birthplace of four U.S. Presidents: John Adams, John Quincy Adams, John F. Kennedy, and George H. W. Bush. Located southwest and south of Boston, the county offers a mix of suburban and rural environments. Commute options to Boston are available via the MBTA commuter rail, with towns like Canton and Westwood offering efficient train and highway access. The community feel across its 28 towns and one city, Quincy, often emphasizes safety, cleanliness, and local engagement. Outdoor recreation is accessible through areas like the Blue Hills Reservation, offering hiking and scenic views, and Wollaston Beach.

Life in Norfolk County is characterized by a blend of suburban comfort and access to urban centers. Many residents own their homes, and the public schools are highly rated, making it attractive to families. The county is considered one of the wealthiest in Massachusetts, with a median household income of $120,621. While specific major employers are not consistently highlighted as distinctive, the economy benefits from wholesale trade and manufacturing, including communications equipment. Real estate activity in Norfolk County has shown consistent growth, with increasing property transactions and mortgage recordings in recent months.

[02] Market Snapshot

Housing Ratio
7.4x

Overvalued relative to economy

GDP Growth
+2.0%

Below national median

Home Prices
+1.0%

Below national median

Climate & Terrain
-0.6

Below-average climate & terrain

Price/Rent
17x

Above national median (13x)

Housing looks overvalued at 7.4x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Norfolk County U.S. National

The Numbers

DEMOGRAPHICS
Population
722,112
+0.24% YoY
Median Household Income
$120,621
Median Home Value
$612,100
+0.99% 12mo
Median Rent
$1,933
Average Annual Pay
$84,497
+3.6% YoY
Employment
346,327
+0.4% YoY
Income-to-Home-Value
0.1971
Near national average
Migration Inflow
4.04%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$676,250
Days on Market
28
Active market
Months of Supply
3.0
Balanced market
Sale-to-List Ratio
100.1%
Homes selling above asking
Sold Above List
34.1%
Listings w/ Price Drops
14.3%
Building Permits (2024)
1,224
Single-Family Permits
647

Source: Redfin · Census BPS — Browse sales on Redfin →

[06] Score Breakdown

GDP Growth +2.0% 35 percentile
Population Growth +0.2% 40 percentile
Income Growth +7.6% 28 percentile
Vacancy Rate 0.7% 81 percentile
Home Price Change +1.0% 45 percentile
Rent Growth +2.2% 37 percentile
Price/Rent 17x 20 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Norfolk County, MA a good place to move to?

Norfolk County has a Boom Town Index score of 45/100, ranking #545 among 996 U.S. counties. With job growth at +0.4% and a median household income of $120,621, it faces some economic headwinds compared to faster-growing counties.

Is Norfolk County affordable?

The median home value in Norfolk County is $612,100 with median rent at $1,933/month. The income-to-home-value ratio is 0.1971, which is less affordable than the national average.

Is Norfolk County growing or shrinking?

Population growth: +0.2% year-over-year. Job growth: +0.4%. Home values changed +1.0% in the past 12 months.

Are people moving to Norfolk County?

Yes — 4.04% of Norfolk County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Charles County, MD 55 Fairfield County, OH 55 Snohomish County, WA 55 Kings County, CA 55 Belmont County, OH 55 Kosciusko County, IN 55 Calvert County, MD 55 Hamilton County, OH 55