Medfield, MA
Maps & Population Facts
Population
12,610
Population Density
875
Labor Participaton
68.7%
Bachelor's or Higher
72.5%
Median Household Income
$153,847
Median Individual Income
$72,760
Median Individual Income(Full-time Workers Only)
$105,649
Housing Estimates
Median House Value
$633,500
Median Gross Rent
$1,215
Median Mortgage Payment
$3,239
Housing Units
4,440
People who reside in Medfield live in:
Detached - Single Family Homes
84%
Apt, Condo, Other
16%
Analysis
Income
Households in Medfield earn significantly more money than the national median income, averaging 1.55% higher per household.
Housing
Medfield has a median house price of $633,500, which makes it one of the most expensive places in the United States to own property. The cost of renting in Medfield is 20% more than the national average.
| Percent | |
|---|---|
| Renter Occupied Households | 38% |
| New Construction (Built after 2000) | 8% |
Demographics
The median age in Medfield is 43. Medfield has a population that is significantly older than in comparison to the US median age.
Medfield ranks in the highest of the nation for having an educated population with more college graduates per resident than most areas.
Housing Data
Housing Comparison
| Medfield | Massachusetts | USA | |
| Median Property Value | 633,500 | 385,400 | 217,600 |
| Median Mortgage Payment | 3,239 | 2,108 | 1,513 |
| Median Gross Rent | 1,215 | 1,208 | 1,012 |
| Property Vacancy | 5.7% | 10.0% | 12.6% |
| % Renters | 13% | 38% | 36% |
| Residents per Sq. Mi. | 875 | 885 | 93 |
Personal Comparison
| Medfield | Massachusetts | USA | |
| Median Household Income | 153,847 | 77,385 | 60,336 |
| Median Individual Income | 72,760 | 41,700 | 33,646 |
| Median Income (Full-Time) | 105,649 | 60,923 | 46,881 |
| Median Age | 42.7 | 39.5 | 38.1 |
| Labor Participation | 68.7% | 67.8% | 62.8% |
| Attained College Degree | 72.5% | 43.4% | 32.0% |
Population Density Analysis
Medfield, MA
875
Residents per Sq. Mile
The population density of Medfield is comparable to that of a Suburban Area.
Major City
10,000 Residents +
Mid-Sized City
5,000 Residents +
Small City
2,500 Residents +
Suburban
500 Residents +
Rural
100 Residents +
Remote
1 Residents +