The housing in Wakefield, MA is expensive compared to the US median value. The median value of a house in Wakefield is $645,500 while the US median value is only $338,100. In terms of appreciation over the last year, both Wakefield and the US have seen a similar rate at 8.08% and 8.27%, respectively. This suggests that there may be some stability when it comes to housing values in Wakefield.
The median home cost in Wakefield is $645,500. Home appreciation the last 10 years has been 90.5%. Home Appreciation in Wakefield is up 12.9%.
Average Age of Homes
- The median age of Wakefield real estate is 63 years old
The Rental Market in Wakefield
- Renters make up 24.8% of the Wakefield population
- 0.8% of houses and apartments in Wakefield, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.