Norton, MA—02766
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Norton, MA
As of Oct '25, the median home price in Norton, MA is $577,000, with a year-over-year change of 2.6%. This indicates that home prices in Norton, MA are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $577,000 | 2.6% |
| Single Family | $602,000 | 1.9% |
| Condos | $451,000 | 4.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $362,000 | -0.3% |
2 Bed | $439,000 | 2.8% |
3 Bed | $579,000 | 2.3% |
4 Bed | $775,000 | 1.0% |
| 5 Bed | $860,000 | 0.9% |
% of Housing Stock
Rental Trends — Norton, MA
As of July '25, Rentcast reports the average rent in Norton, MA is $2,880, with a year-over-year rent change of -8.6%. Per bedroom, the median rent as of July '25 in Norton, MA is studios: $3,300, 1-bedrooms: $2,820, 2-bedrooms: $2,820, 3-bedrooms: $3,750. The most common rental property sizes in Norton, MA are 2-bedroom and 3-bedroom, accounting for 48.8% and 20.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,880 |
| Studio Rent | $3,300 | $3,300 |
| 1 Bed Rent | $2,640 | $2,820 |
| 2 Bed Rent | $2,860 | $2,820 |
| 3 Bed Rent | $3,750 | $3,750 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Norton, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Norton, MA is 28. This is a increase of 9.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $731,000 | 4.0% |
Listing Count | 35 | 49.0% |
| Listings as % of Homes | 0.2% | 49.0% |
Days on Market | 28 | 9.0% |
Demographics — Norton, MA
As of the latest ACS Survey released in 2023, Norton, MA has a population of 19,200, which has decreased by -2.4% over the past 5 years. Norton, MA is a moderately popular place for families, as children make up 17.9% of the population. The area has a highly educated workforce, with 45.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,200 | -2.4% |
% Under 18 | 17.9% | -1.6% |
% Seniors | 15.9% | 22.3% |
% WFH | 17.2% | 212.7% |
% w/ College Degree | 45.8% | 13.9% |
As of the latest ACS Survey released in 2023, Norton, MA is a predominantly white area, with 88.1% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Norton, MA is hispanic, making up 4.4% of the population. Foreign-born residents account for 4.7% of the population in Norton, MA, and this percentage has decreased by 9.6% 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 | 88.1% | -3.6% |
% Black | 4.0% | 8.1% |
% Hispanic | 4.4% | 83.3% |
% Asian | 1.8% | 28.6% |
% Foreign Born | 4.7% | -9.6% |
Mortgage and Risk — Norton, MA
According to HUD data as of 2023, there were 307 mortgage originations in Norton, MA, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Norton, MA. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 307 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Norton, MA
Norton, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 176 |
Total Units Section 8 | 176 |
% Rentals under Section 8 | 16.5% |
% Occupied Section 8 | 94.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$560 | $2,640 | $2,080 |
| 2 Bedroom | -$130 | $2,860 | $2,730 |
| 3 Bedroom | -$290 | $3,750 | $3,460 |
| 4 Bedroom | N/A | N/A | $3,620 |
Affordability — Norton, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $577,000 |
| Median Household Income | $127,000 |