Department of Numbers

Norfolk County Massachusetts Residential Rent and Rental Statistics

The median monthly gross residential rent in Norfolk County MA was $1,474 in 2017 according to the Census ACS survey.1 Average gross rent in Norfolk County was $1,477 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Norfolk County median and average rent data will be released in September of 2019.

Data is also available below for Norfolk County rental vacancy rates, Norfolk County rent as a percent of median income and the fraction of renters in Norfolk County.

Show dollars as: Nominal Real

Real Gross Rent in Norfolk County Massachusetts (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Massachusetts Median Gross Rent $1,208 +0.92% +6.62%
Norfolk County MA Median Gross Rent $1,474 -0.47% +3.00%

Norfolk County MA Real Gross Rent Trends

Median gross rent for Norfolk County peaked in real terms in 2016 at $1,481 and is now $7 (0.47%) lower. Average gross rent for Norfolk County peaked in real terms in 2016 at $1,497 and is now $20 (1.34%) lower.

Real Gross Rent: Norfolk County MA Median, Norfolk County MA Average, Massachusetts Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Norfolk County

Date US
Median
Massachusetts
Median
Norfolk County MA
Median
Norfolk County MA
Average
2017 $1,012 $1,208 $1,474 $1,477
2016 $996 $1,197 $1,481 $1,497
2015 $987 $1,198 $1,436 $1,432
2014 $956 $1,133 $1,431 $1,403
2013 $924 $1,100 $1,330 $1,328
2012 $912 $1,069 $1,264 $1,243
2011 $912 $1,083 $1,303 $1,321
2010 $927 $1,093 $1,297 $1,278
2009 $931 $1,092 $1,330 $1,303
2008 $947 $1,138 $1,368 $1,336
2007 $899 $1,078 $1,318 $1,296
2006 $909 $1,111 $1,383 $1,359

Norfolk County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Norfolk County Massachusetts was 4.83% according to Census ACS data.

Rental Vacancy Rate in Norfolk County Massachusetts

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Massachusetts 3.87% -0.11% -0.17%
Norfolk County MA 4.83% +1.76% +1.84%

Trends in Norfolk County MA Rental Vacancy Rate

The rental vacancy rate in Norfolk County peaked in 2010 at 6.64%. Since then it has fallen by 1.81% to 4.83%. Data records for this series originated in 2005.

Rental Vacancy Rate: Norfolk County MA, Massachusetts, US

Rental vacancy rate in Massachusetts

Historical Rental Vacancy Rate data for Norfolk County

Date US Massachusetts Norfolk County MA
2017 6.18% 3.87% 4.83%
2016 5.89% 3.98% 3.07%
2015 5.85% 3.48% 3.78%
2014 6.32% 4.04% 2.99%
2013 6.49% 4.61% 4.22%
2012 6.77% 4.46% 3.77%
2011 7.40% 4.76% 5.91%
2010 8.17% 5.80% 6.64%
2009 8.43% 5.83% 3.54%
2008 7.86% 5.28% 3.88%
2007 7.87% 6.20% 4.92%
2006 7.70% 5.55% 2.72%

Rent as a Fraction of Income

Using median household income data for Norfolk County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Norfolk County, median monthly gross rent as a fraction of median household income was 17.54% in 2017 according to the ACS.

Norfolk County Massachusetts Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Massachusetts 18.73% -0.06% -0.48%
Norfolk County MA 17.54% -1.33% -0.99%

Trends in Norfolk County MA Rent as a Fraction of Income

The fraction of median Norfolk County household income required to pay median monthly gross rent peaked in 2006 (relative to the 2005 series origin) at 19.00%. Since then it has fallen by 1.45% to 17.54%. From a 2007 low of 17.53%, the fraction of income going to rent has increased by 0.01%.

Fraction of Income towards Rent: Norfolk County MA, Massachusetts, US

Percent of median household income going towards median monthly gross rent in Norfolk County Massachusetts

Historical Data for Annual Rent as a Fraction of Income in Norfolk County Massachusetts

Date US Massachusetts Norfolk County MA
2017 20.13% 18.73% 17.54%
2016 20.43% 18.79% 18.87%
2015 20.63% 19.78% 17.81%
2014 20.89% 19.21% 18.54%
2013 20.78% 19.36% 18.53%
2012 20.65% 19.03% 18.32%
2011 20.70% 19.74% 18.23%
2010 20.50% 19.51% 17.86%
2009 20.12% 18.50% 18.07%
2008 19.00% 18.18% 17.55%
2007 18.66% 18.20% 17.53%
2006 18.90% 18.67% 19.00%

Renter Fraction in Norfolk County Massachusetts

You can calculate the renter fraction in Norfolk County in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Norfolk County as a fraction of total Norfolk County households. In 2017 29.43% of households were renters according to Census ACS data.

Norfolk County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Massachusetts 37.68% -0.33% -0.72%
Norfolk County MA 29.43% -1.96% -1.44%

Trends in the Norfolk County MA Renter Fraction

The Norfolk County household renter fraction peaked in in 2013 at 32.18% and is now 2.75% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Norfolk County MA, Massachusetts, US

Fraction of renters in Norfolk County

History of Norfolk County Renter Fraction

Date US Massachusetts Norfolk County MA
2017 36.13% 37.68% 29.43%
2016 36.88% 38.01% 31.39%
2015 36.97% 38.28% 31.42%
2014 36.90% 38.40% 30.87%
2013 36.50% 38.46% 32.18%
2012 36.09% 37.76% 31.86%
2011 35.42% 37.87% 30.65%
2010 34.65% 37.77% 30.39%
2009 34.13% 35.79% 29.71%
2008 33.36% 35.46% 30.35%
2007 32.80% 34.91% 27.94%
2006 32.73% 35.08% 29.63%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.