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Suffolk County, MA

RANK #703 / 996  ·  POP 785,443  ·  MA

PROJECTED GROWTH: +0.0%

Suffolk County is losing people and economic momentum. This metro faces significant structural headwinds.

[01] Why Suffolk County?

Suffolk County, Massachusetts, is defined by Boston, its largest city and the state capital, which anchors the county's identity. The county is situated on Massachusetts Bay, featuring a hilly coastal region and several islands. Notable towns like Winthrop and Revere offer coastal living with access to Boston. Residents and visitors can explore historical sites along the Freedom Trail, including the Old North Church and Paul Revere House, or enjoy green spaces like Boston Common and the Boston Public Garden. Commuting within the county and to surrounding areas is facilitated by the Massachusetts Bay Transportation Authority (MBTA) subway, bus, and commuter rail services, along with ferries and various shuttle programs.

Life in Suffolk County is characterized by its urban and diverse environment, attracting many young professionals. The county's economy is largely driven by financial services, including banking, insurance, and investment management, alongside health care and social assistance, and professional, scientific, and technical services. Education also plays a significant role, with numerous colleges and universities in and around Boston. Recent economic developments include the Suffolk Downs redevelopment project in East Boston and Revere, which aims to create a mixed-use neighborhood with residential units, commercial spaces, and life sciences facilities, projected to generate thousands of jobs.

[02] Market Snapshot

Housing Ratio
3.3x

Undervalued relative to economy

GDP Growth
+1.8%

Below national median

Home Prices
+0.6%

Well below national median

Climate & Terrain
0.8

Moderate climate & terrain

Price/Rent
16x

Above national median (13x)

Housing looks undervalued at 3.3x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Suffolk County U.S. National

The Numbers

DEMOGRAPHICS
Population
785,443
-0.91% YoY
Median Household Income
$87,669
Median Home Value
$650,900
+0.58% 12mo
Median Rent
$1,953
Average Annual Pay
$131,280
+5.5% YoY
Employment
713,809
+0.4% YoY
Income-to-Home-Value
0.1347
Less affordable than average
Migration Inflow
4.05%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$749,000
Days on Market
52
Moderate pace
Months of Supply
4.6
Balanced market
Sale-to-List Ratio
98.7%
Near asking price
Sold Above List
25.9%
Listings w/ Price Drops
12.0%
Building Permits (2024)
2,007
Single-Family Permits
74

Source: Redfin · Census BPS — Browse sales on Redfin →

[06] Score Breakdown

GDP Growth +1.8% 31 percentile
Population Growth -0.9% 4 percentile
Income Growth +9.2% 68 percentile
Vacancy Rate 1.5% 23 percentile
Home Price Change +0.6% 39 percentile
Rent Growth +1.5% 26 percentile
Price/Rent 16x 28 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Suffolk County, MA a good place to move to?

Suffolk County has a Boom Town Index score of 29/100, ranking #703 among 996 U.S. counties. With job growth at +0.4% and a median household income of $87,669, it faces some economic headwinds compared to faster-growing counties.

Is Suffolk County affordable?

The median home value in Suffolk County is $650,900 with median rent at $1,953/month. The income-to-home-value ratio is 0.1347, which is less affordable than the national average.

Is Suffolk County growing or shrinking?

Population growth: -0.9% year-over-year. Job growth: +0.4%. Home values changed +0.6% in the past 12 months.

Are people moving to Suffolk County?

Yes — 4.05% of Suffolk County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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