Wellesley, MA is an affluent suburb of Boston, and as such has a very high median home value. The current median housing value for Wellesley is $1,654,100, which is far higher than the US housing median of $338,100. This difference demonstrates the significant wealth disparity between Wellesley and many other parts of the country. Furthermore, in the last year alone the appreciation rate for homes in Wellesley was 16.14%, more than double the 8.27% appreciation rate seen in US housing overall during that same period. These figures show that Wellesley's housing market is robust and growing rapidly compared to many other parts of the country.
The median home cost in Wellesley is $1,654,100. Home appreciation the last 10 years has been 77.1%. Home Appreciation in Wellesley is up 10.8%.
Average Age of Homes
- The median age of Wellesley real estate is 67 years old
The Rental Market in Wellesley
- Renters make up 16.4% of the Wellesley population
- 1.0% of houses and apartments in Wellesley, 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.