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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Medfield, MA Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Medfield, MA Housing Market Trends

With 13,072 people, 4,463 houses or apartments, and a median cost of homes of $1,116,143, Medfield house prices are not only among the most expensive in Massachusetts, Medfield real estate also is some of the most expensive in all of America.

Medfield is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Medfield than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Medfield. Owner-occupied housing accounts for 86.22% of Medfield's homes, and 71.42% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Medfield's housing was primarily built during this period, from the '40s through the '60s. A full 36.83% of the town's housing hails from this era. Other housing ages represented in Medfield include homes built between 1970-1999 ( 36.70%) and housing constructed between 2000 and later ( 15.93%). There's also some housing in Medfield built before 1939 ( 10.54%).

Medfield Home Appreciation Rates

Medfield's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Medfield during the period has been just 5.25%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Medfield's appreciation rate, at 6.13%, has been at or slightly above the national average. In the latest quarter, Medfield's appreciation rate has been 1.11%, which annualizes to a rate of 4.52%.

Relative to Massachusetts, our data show that Medfield's latest annual appreciation rate is lower than 50% of the other cities and towns in Massachusetts.

Average Home Values

Median Home Value

$1,116,143

Medfield, MA Home Prices
> $1,301,000
$976,001 - $1,301,000
$651,001 - $976,000
$521,001 - $651,000
$390,001 - $521,000
$260,001 - $390,000
$130,001 - $260,000
$65,001 - $130,000
$0 - $65,000
26.8%
26.8%
34.5%
34.5%
27.3%
27.3%
5.4%
5.4%
0.5%
0.5%
3.1%
3.1%
0.9%
0.9%
0.8%
0.8%
0.6%
0.6%
0% 100.0%
% of Homes
Very High

for Massachusetts

Very High

for nation

Number of Homes And Apartments:

4,463

Medfield Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,197 / per month

Homeownership Rate

Owners
Renters
86.2%
86.2%
13.8%
13.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
2.6%
2.6%
97.4%
97.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.9%
15.9%
36.7%
36.7%
36.8%
36.8%
10.5%
10.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
83.9%
83.9%
3.7%
3.7%
3.9%
3.9%
8.6%
8.6%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
5.3%
5.3%
10.0%
10.0%
24.8%
24.8%
46.6%
46.6%
13.3%
13.3%
0% 100.0%
% of Homes

Popular Neighborhoods in Medfield

Zip Codes in Medfield, MA