North Brookfield, MA—01535
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Brookfield, MA
As of Oct '25, the median home price in North Brookfield, MA is $381,000, with a year-over-year change of -0.8%. This indicates that home prices in North Brookfield, MA are flat. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $381,000 | -0.8% |
| Single Family | $385,000 | -1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $326,000 | -2.1% |
3 Bed | $394,000 | -0.5% |
4 Bed | $420,000 | 0.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — North Brookfield, MA
As of July '25, Rentcast reports the average rent in North Brookfield, MA is $1,320, with a year-over-year rent change of -4.3%. Per bedroom, the median rent as of July '25 in North Brookfield, MA is 1-bedrooms: $1,200, 2-bedrooms: $1,580. The most common rental property sizes in North Brookfield, MA are 1-bedroom and 2-bedroom, accounting for 44.5% and 40.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,320 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,200 |
| 2 Bed Rent | $1,580 | $1,580 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — North Brookfield, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in North Brookfield, MA is 45. This is a increase of 51.0% from last year, suggesting that homes are sitting on the market longer 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 | $497,000 | 0.0% |
Listing Count | 10 | 0.0% |
| Listings as % of Homes | 0.1% | 0.0% |
Days on Market | 45 | 51.0% |
Demographics — North Brookfield, MA
As of the latest ACS Survey released in 2023, North Brookfield, MA has a population of 4,740, which has remained stable by -0.5% over the past 5 years. North Brookfield, MA is a moderately popular place for families, as children make up 17.9% of the population. The area has a moderately educated workforce, with 26.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,740 | -0.5% |
% Under 18 | 17.9% | -9.6% |
% Seniors | 19.7% | 28.8% |
% WFH | 9.1% | 152.8% |
% w/ College Degree | 26.5% | 0.0% |
As of the latest ACS Survey released in 2023, North Brookfield, MA is a predominantly white area, with 94.9% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in North Brookfield, MA is black, making up 1.0% of the population. Foreign-born residents account for 1.5% of the population in North Brookfield, MA, and this percentage has decreased by 16.7% 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 | 94.9% | -3.1% |
% Black | 1.0% | 66.7% |
% Hispanic | 0.9% | -10.0% |
% Asian | 0.1% | -80.0% |
% Foreign Born | 1.5% | -16.7% |
Mortgage and Risk — North Brookfield, MA
According to HUD data as of 2023, there were 95 mortgage originations in North Brookfield, MA, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in North Brookfield, MA. Investor activity is low, as 3.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 95 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — North Brookfield, MA
North Brookfield, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 34 |
Total Units Section 8 | 34 |
% Rentals under Section 8 | 5.5% |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $1,200 | $1,170 |
| 2 Bedroom | -$80 | $1,580 | $1,500 |
| 3 Bedroom | N/A | N/A | $1,810 |
| 4 Bedroom | N/A | N/A | $2,090 |
Affordability — North Brookfield, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $381,000 |
| Median Household Income | $81,000 |