Interested in purchasing investment houses in the 02056 zip code in Norfolk, MA?
The zip code 02056 is in Norfolk county with a latitude of -71.329630000000 and longitude of 42.116370000000, is in the state of Massachusetts. The average asking price of houses and condos is $470,612.00 and the average sale price was $424,365.00. this regions is classified as the Boston metro area and consists of the following area codes: 508 and 774. The location in degrees is 42° 6' 58.932" N, 71° 19' 46.668" W. The county F.I.P.S. is 25021. The total land area is 14.9 square miles and the water area is 0.5 square miles. The elevation in this area is 177 - 220 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 02056 is in county number 021 and is L. Sector 09, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 11,432 in 2019 and 10,981 in 2010. Of this, the break down in 2019 was 9,757 urban and 1,674 rural. This further breaks down to 6,675 males (58.4%) and 4,756 females (41.6%). The median age of residents is 42.2 years. The population of the greater Boston-Cambridge-Quincy, MA-NH area is 4,568,927. The population density (people per square mile) is 769. This zip code has a combined total of 3,391 houses and condos. There are 140 rented appartments. 4% of residents rent versus the 4% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $115,342 and the average salary is $98,776. The median household income of individuals is $123,583.00 and the average is $146,800.00. This zip code has a mean commute time to work of 41.7 minutes. The unemployment rate is 2.9%. Income earners by percent breakdown as 12.00% (Under $50,000), 25.10% ($50,000-$100,000), and 62.90% earn over $100,000. 1.1% of residents live below poverty line versus the 9.4% in the state that are below this line. The cost of living index is 132.5. The educational breakdown is 93.6% have a high school education or higher, 54.4% have a bachelor's degree or higher, and 21.4% have some kind of profesional degree.
This area has 3,049 households and the average size is 3.0 people. Individuals who are single and have never been married are 32.0%, 55.5% are now married, 1.5% are separated, 3.5% are widowed, and 7.5% are divorced. The average yearly contribution amount given by people to charity was $2,740 versus the state average of $4,208. The percent of residents who gave to charity was 52.1%.
The estimated median value of houses and condos is $559,840. The median monthly owner costs of mortgage holders was $2,938, where as the costs for those who don't have a mortgage are $1,105. The median number of rooms in houses and condos are 7.9 versus apartments which had a median number of 4.7.
The real estate tax percent rate is 1.5% which equated to an average real estate tax amount payment of $8,483. In comparision, the average real estate tax percent rate in the state is 1.2% which equated to an average real estate tax amount payment in the state of $4,899. The median housing property tax percent for residents with mortgages was 1.5% which amounted to an average tax amount of $8,731. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.5% which amounted to an average tax amount of $7,703. Reported taxable interest for persons was $1,231, dividends $5,632, capital gains +$7,985, and itemized deductions $31,284. The average earned income tax credit is $1,130. The percent of individuals that use a tax preparer is 56.2%. The total average income taxes paid by individuals was $16,886. Businesses reported an average profit of $30,356.
Novatos Bar & Grill
218 Dedham St, Norfolk, MA 02056
Bourque Restaurant
194 Main St, Norfolk, MA 02056
Horse N' Carriage
210 Dedham St, Norfolk, MA 02056
Aroma Italian Pizza & Roast Beef
17 Pine St, Norfolk, MA 02056
When my husband passed away suddenly, I was left with a home I had to sell fast. The experts from We Buy Homes dealt with me professionally, fairly, and honestly. I didn’t have to list my house and I didn’t have to deal with strangers walking through my home. And I didn’t have to pay a realtor! They handled everything and that provided the peace of mind I needed during such a difficult time. I highly recommend them!
