Northfield, MA—01360
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Northfield, MA
As of Oct '25, the median home price in Northfield, MA is $365,000, with a year-over-year change of 0.4%. This indicates that home prices in Northfield, MA are flat. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $365,000 | 0.4% |
| Single Family | $365,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $323,000 | -0.6% |
3 Bed | $377,000 | -0.3% |
4 Bed | $412,000 | 1.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Northfield, MA
Northfield, MA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Northfield, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Northfield, MA is 13. This is a decrease of -21.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $301,000 | 6.0% |
Listing Count | 7 | -40.0% |
| Listings as % of Homes | 0.2% | -40.0% |
Days on Market | 13 | -21.0% |
Demographics — Northfield, MA
As of the latest ACS Survey released in 2023, Northfield, MA has a population of 2,880, which has decreased by -4.1% over the past 5 years. Northfield, MA is a moderately popular place for families, as children make up 16.4% of the population. The area has a moderately educated workforce, with 43.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,880 | -4.1% |
% Under 18 | 16.4% | -17.2% |
% Seniors | 22.7% | 22.7% |
% WFH | 20.2% | 861.9% |
% w/ College Degree | 43.4% | 5.1% |
As of the latest ACS Survey released in 2023, Northfield, MA is a predominantly white area, with 92.3% of the population identifying as white. The white population has shrunk by 3.2% in the last 5 years. The second most common race or ethnicity in Northfield, MA is hispanic, making up 3.9% of the population. Foreign-born residents account for 2.9% of the population in Northfield, MA, and this percentage has decreased by 51.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.3% | -3.2% |
% Black | 0.5% | 25.0% |
% Hispanic | 3.9% | 18.2% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 2.9% | -51.7% |
Mortgage and Risk — Northfield, MA
According to HUD data as of 2023, there were 54 mortgage originations in Northfield, MA, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Northfield, MA. Investor activity is low, as 2.0% of loans were by investors. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 54 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 22.0% |
Loan Activity
Rentals and Section 8 — Northfield, MA
Northfield, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 5.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,130 |
| 2 Bedroom | N/A | N/A | $1,480 |
| 3 Bedroom | N/A | N/A | $1,780 |
| 4 Bedroom | N/A | N/A | $1,990 |
Affordability — Northfield, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $365,000 |
| Median Household Income | $102,000 |