Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 39.5 yrs |
|---|---|
| Avg HH Size | 2.87 |
| Below Poverty | 3.1% ▼ 69% below avg |
| College Grads | 71.2% ▲ 84% above avg |
| Unemployment | 4.1% ▼ 15% below avg |
| No HS Diploma | 35 (0.4%) |
| HS Graduate | 1,212 (13.6%) |
| Some College | 539 (6%) |
| Associates | 783 (8.8%) |
| Bachelors | 770 (8.6%) |
| Graduate Degree | 5,586 (62.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $174,357 ▲ 128% above avg |
|---|---|
| Median Home Value | $588,900 ▲ 111% above avg |
| Home/Income Ratio | 3.4x (nat avg ~3.5x) |
| Median Rent | $1,570/mo |
| Total Housing Units | 4,601 |
| Vacant Units | 28 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Medway is a city in Massachusetts, located in Norfolk County. The city spans 1 ZIP code and is home to approximately 13,251 residents. It is a middle-aged city, with a median age of 39.5 years.
Economically, Medway is a affluent community. The median household income of $174,357 is more than double the national average. Approximately 3.1% of residents live below the poverty line. The unemployment rate is 4.1%, below the national average.
The real estate market in Medway is a premium housing market. Median home values stand at $588,900, which is more than double the national average. Renters typically pay around $1,570 per month. Homeownership is high at 87.4%, typical of suburban and family-oriented communities.
The population of Medway is highly educated. 71.2% of adults hold a bachelor's degree or higher — significantly above the national average. The community is primarily White (83.07%).
Medway, MA offers residents above-average earning potential within Massachusetts.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 02053 | 13,251 | $174,357 | $588,900 | $1,570 | 4.1% | 71.2% | 87.4% |