🌳

Norwell

30 min to Boston
"Affluent inland South Shore with explosive growth"
Median Price
$1,125,000
$470/sqft
School Rating
8/10
Great
Appreciation
26.8%
per year
Commute
30 min
to downtown

Financing Considerations

Properties in Norwell typically may qualify for high-balance conforming loans, though jumbo financing might be needed depending on exact property price.

Learn about loan thresholds, property condition impact, flood/wind insurance, and how vintage homes (common in many MA towns) affect mortgage approval.

The Vibe

Affluent family-oriented suburban community with excellent schools and strong conservation areas. Seller's market with homes selling quickly, offering good commuter access and quality residential neighborhoods.

What It's Really Like

Norwell is the South Shore's hidden gem—26.8% appreciation, excellent schools, and suburban tranquility without the coastal price premium.

Best For

  • Families seeking top schools and appreciation potential
  • Investors looking for growth markets
  • Those wanting suburban privacy with South Shore access
  • Buyers seeking land and conservation areas

Avoid If

  • You need urban amenities or walkability
  • You're on a budget under $1M
  • You want coastal access

🌟Highlights

📈Explosive 26.8% appreciation rate
🏫Strong school system (8/10 rating)
🌳Conservation areas and suburban privacy
🏘️Hot seller's market with quick sales

Insider Tips

  • 💡Homes sell quickly—be ready to move fast
  • 💡Conservation land keeps density low
  • 💡Route 3 access makes commute manageable

Demographics

Population
11,300
Median Age
46
Median Income
$183,000

Economic Profile

Remote Work
20.6%
work from home
Professional Workers
57.6%
knowledge economy
Broadband Access
95.8%
digital infrastructure
Homeownership
90.5%
owner-occupied
Poverty Rate
3.0%
below poverty line
Median Home Value
$737K
Census estimate
Data source: Census ACS 2022 5-year

Religious Community

Places of Worship
4
Churches
4
Historical Context: Oldest establishment dates to 18861 established before 1900
Data Source: MassGIS 2025 (Updated 2025-02-03)

Housing Stock Age

Median Year Built
1972
53 years old
Pre-1940 Construction
23.2%
⚠️ Higher insurance risk
Post-2000 Construction
24.5%
Modern housing stock
Est. Annual Insurance
$2,200
Based on housing age

Moderate Insurance Risk

Median home built in 1972. Insurance premiums estimated at $2,200/year. Some older homes may require system updates (electrical, plumbing, HVAC).

Insurance Cost Calculator

Estimate your annual homeowners insurance premium

$562,500$1,125,000$2,250,000

Leave blank to use town median (1972)

Annual Premium
$2,150
$179/month
vs. State Average
+7%
MA avg: $2,008/year
Risk Category
HIGH
Based on home age

30-Year Mortgage Impact

$64,500

Total insurance cost over 30-year mortgage (equivalent to 0.2% of home value)

Age Penalty

This home costs $539 more per year to insure than a newly built home. Over 30 years, that's $16,170 in additional insurance costs.

Ways to Lower Your Premium

  • Bundle home + auto insurance with same carrier (10-25% discount)
  • Increase deductible from $500 to $2,500 (save 15-30%)
  • Install monitored security system (5-20% discount)
  • Update electrical panel and remove knob-and-tube wiring
  • Replace roof with impact-resistant materials (save 5-15%)
  • Upgrade plumbing to PEX or copper
  • Complete full home inspection and address major issues
  • Consider MAPFRE or Chubb for historic home coverage

* Estimates based on Massachusetts state averages and typical underwriting criteria. Actual premiums vary by carrier, coverage limits, deductible, claims history, and credit score. For accurate quotes, contact a licensed insurance agent.

Construction Era Distribution

2020+
55 units
2010-2019
9%
380 units
2000-2009
14.8%
620 units
1990-1999
17.9%
750 units
1980-1989
20.2%
850 units
1970-1979
21.4%
900 units
1960-1969
17.9%
750 units
1950-1959
13.8%
580 units
1940-1949
8.1%
340 units
Pre-1940
23.2%
975 units
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