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Median Home Value by Race/Ethnicity

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Source: U.S. Census Bureau

What does this measure?

The home value reported by homeowners in various racial and ethnic groups to the Census Bureau, adjusted for inflation. The median represents the mid-point of home values (half the values are above the median and half below).

Why is this important?

A home is usually a person's or a family's highest-valued possession. Home values are also an indicator of the region's cost of living, relative wealth, and general prosperity.

How is Norfolk County doing?

In 2017-21, the median home values for African American homeowners ($374,700) and Hispanic homeowners ($458,000) in Norfolk County were lower compared to home values for white ($574,300) and Asian ($624,600) homeowners. Similar disparties existed in the state and nation, although the disparity between African American and white median home values was smaller at the state level compared to Norfolk.

Among comparison counties, Norfolk had the lowest median home value among African Americans and the second lowest among Hispanics behind Essex ($367,500).

Why do these disparities exist?

Research has demonstrated that homes are appraised at lower values in communities of color, particularly Black communities, when compared with homes in white neighborhoods with similar house and neighborhood characteristics. Neighborhood racial composition was an explicit determining factor in the evaluation of US home values from the 1930s until the passage of the Fair Housing Act of 1968. Government-enforced a href="https://www.npr.org/2017/05/03/526655831/a-forgotten-history-of-how-the-u-s-government-segregated-america" target="_blank">redlining policies and other discriminatory housing practices resulted in higher valuations and investment in white communities and lower home valuations and disinvestment in communities of color. These policies have been a major contributor to present day racial disparities in median home values. Recent research suggests neighborhoods with higher shares of Black and Hispanic residents have experienced lower real housing appreciation, and homes in those neighborhoods are more likely than homes in white neighborhoods to be appraised at values below contract prices.

Notes about the data

Data are presented in 2021 dollars. Multi-year data are from the Census Bureau's American Community Survey, Public Use Microdata Sample. The American Community Survey combines five years of responses to provide estimates for smaller geographic areas and increase the precision of its estimates. The survey provides data on characteristics of the population that used to be collected only during the decennial census.

snapshot
Median Home Value by Race/Ethnicity, 2017-21
AsianBlack or African AmericanHispanicWhite
Norfolk County$624,567$374,654$457,926$574,295
Essex County$427,633$389,738$367,482$475,280
Middlesex County$558,843$464,048$495,504$515,589
Massachusetts$540,252$406,431$379,243$438,772

Source: U.S. Census Bureau
Notes: No Rate Data






INDICATORS TREND
Change in Total Population 1
Increasing
Change in Population by Race/Ethnicity 1
Increasing
Language Diversity 1
Increasing
Foreign-Born Population 1
Increasing
Population by Age 1
Increasing
People with Disabilities 1
Increasing
Voter Registration -1
Decreasing
Voter Participation 1
Increasing
Arrest Rate by Race/Ethnicity 0
Maintaining
Incarceration Rate by Race/Ethnicity 10 Not Applicable*
Change in Total Jobs 10 Not Applicable*
Unemployment Rate 10 Not Applicable*
Unemployment Rate by Race/Ethnicity 0
Maintaining
Living Wage 10 Not Applicable*
Median Household Income 0
Maintaining
Median Household Income by Race/Ethnicity 0
Maintaining
Income in Relation to Poverty Level -1
Decreasing
People Living in Poverty 1
Increasing
People Living in Poverty by Race/Ethnicity -1
Decreasing
People Living in Poverty by Age -1
Decreasing
Children Living in Poverty by Race/Ethnicity 1
Increasing
Females Living in Poverty by Race/Ethnicity -1
Decreasing
Seniors Living in Poverty 1
Increasing
Share of Workers who are Professionals by Race/Ethnicity 10 Not Applicable*
Business Ownership by Race/Ethnicity 10 Not Applicable*
Access to Financial Services by Race/Ethnicity 10 Not Applicable*
Student Performance on Grade 3 English by Student Subgroup 10 Not Applicable*
High School Cohort Graduation Rate by Student Group 10 Not Applicable*
Education Levels of Adults by Race/Ethnicity 1
Increasing
Overall Housing Cost Burden -1
Decreasing
Median Home Value 0
Maintaining
Median Home Value by Race/Ethnicity 10 Not Applicable*
Cost of Homeownership 1
Increasing
Cost of Homeownership by Race/Ethnicity 10 Not Applicable*
Cost of Renting 1
Increasing
Cost of Rent by Race/Ethnicity 10 Not Applicable*
Households Receiving SNAP 1
Increasing
Households Receiving SNAP by Race/Ethnicity -1
Decreasing
Food Insecurity 10 Not Applicable*
Households Without Vehicles 1
Increasing
Means of Transportation to Work by Race/Ethnicity 0
Maintaining
Protected Land 10 Not Applicable*
Percent of Days with Good Air Quality 10 Not Applicable*
Early Prenatal Care 10 Not Applicable*
Early Prenatal Care by Mother's Race/Ethnicity 10 Not Applicable*
Drug Poisoning Mortality Rate 10 Not Applicable*
Substance Abuse Treatment Admissions 10 Not Applicable*
People 65 or Older Living Alone 1
Increasing
Change in Population by Race/Ethnicity 1
Increasing
Arrest Rate by Race/Ethnicity 0
Maintaining
Incarceration Rate by Race/Ethnicity 10 Not Applicable*
Unemployment Rate by Race/Ethnicity 0
Maintaining
Median Household Income by Race/Ethnicity 0
Maintaining
People Living in Poverty by Race/Ethnicity -1
Decreasing
Children Living in Poverty by Race/Ethnicity 1
Increasing
Females Living in Poverty by Race/Ethnicity -1
Decreasing
Share of Workers who are Professionals by Race/Ethnicity 10 Not Applicable*
Business Ownership by Race/Ethnicity 10 Not Applicable*
Student Performance on Grade 3 English by Student Subgroup 10 Not Applicable*
High School Cohort Graduation Rate by Student Group 10 Not Applicable*
Education Levels of Adults by Race/Ethnicity 1
Increasing
Median Home Value by Race/Ethnicity 10 Not Applicable*
Cost of Homeownership by Race/Ethnicity 10 Not Applicable*
Cost of Rent by Race/Ethnicity 10 Not Applicable*
Households Receiving SNAP by Race/Ethnicity -1
Decreasing
Early Prenatal Care by Mother's Race/Ethnicity 10 Not Applicable*



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