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Medfield, MA Real Estate


According to census data in the year 2000 there were 2,429 housing units in Medfield. This represents a 9.8% growth from 2,213 in 1990.

Of those housing units, 2,396 were located in either urbanized areas or urban clusters, and 33 were located in what is classified as a rural area.

Homeownership rate in Medfield is about 77.8%. Medfield's vacancy rate, including seasonal lodging, is about 1.6%. Average household size is 2.77 people.

The majority of houses, apartments or condos in Medfield were built after 1964.

Statistics

Housing Size

Housing Units by Size
Studio Type1.50%
One Bedroom12%
Two Bedrooms16.30%
Three Bedrooms33.10%
Four Bedrooms29.50%
Five Bedrooms or more7.70%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size3.07
Median year structure was built1964
Median Value of occupied units$304,100

Rented Homes, Apartments and Condos

Average Household Size1.71
Median year structure was built1964
Median Monthly Rent asked for vacant units$1,281

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage8.20%
Home Equity Loan10.40%
Simple Mortgage57%
Debt Free24.50%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs17.6%