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 Type | 1.50% |
| One Bedroom | 12% |
| Two Bedrooms | 16.30% |
| Three Bedrooms | 33.10% |
| Four Bedrooms | 29.50% |
| Five Bedrooms or more | 7.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.07 |
| Median year structure was built | 1964 |
| Median Value of occupied units | $304,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.71 |
| Median year structure was built | 1964 |
| Median Monthly Rent asked for vacant units | $1,281 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.20% |
| Home Equity Loan | 10.40% |
| Simple Mortgage | 57% |
| Debt Free | 24.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.6% |
