Wellesley, MA—02481
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Wellesley, MA
Home Price Trends — Wellesley, MA
As of Oct '25, the median home price in Wellesley, MA is $2,124,000, with a year-over-year change of 2.6%. This indicates that home prices in Wellesley, MA are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $2,124,000 | 2.6% |
| Single Family | $2,148,000 | 3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $1,094,000 | 2.9% |
3 Bed | $1,436,000 | 1.9% |
4 Bed | $2,050,000 | 2.4% |
| 5 Bed | $2,995,000 | 3.3% |
% of Housing Stock
Rental Trends — Wellesley, MA
As of July '25, Rentcast reports the average rent in Wellesley, MA is $4,600, with a year-over-year rent change of -5.7%. Per bedroom, the median rent as of July '25 in Wellesley, MA is studios: $2,930, 1-bedrooms: $3,430, 2-bedrooms: $4,870, 3-bedrooms: $5,810, 4-bedrooms: $7,020. The most common rental property sizes in Wellesley, MA are 2-bedroom and 1-bedroom, accounting for 42.4% and 16.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,940 | $4,600 |
| Studio Rent | $2,890 | $2,930 |
| 1 Bed Rent | $3,490 | $3,430 |
| 2 Bed Rent | $4,410 | $4,870 |
| 3 Bed Rent | $5,500 | $5,810 |
| 4 Bed Rent | $6,500 | $7,020 |
% of Rental Stock
Property Listings — Wellesley, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Wellesley, MA is 36. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $3,060,000 | 10.0% |
Listing Count | 42 | 26.0% |
| Listings as % of Homes | 0.3% | 26.0% |
Days on Market | 36 | -2.0% |
Demographics — Wellesley, MA
As of the latest ACS Survey released in 2023, Wellesley, MA has a population of 17,300, which has increased by 5.0% over the past 5 years. Wellesley, MA is a popular place for families, as children make up 26.8% of the population. The area has a highly educated workforce, with 90.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 31.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,300 | 5.0% |
% Under 18 | 26.8% | -7.3% |
% Seniors | 14.2% | 3.6% |
% WFH | 31.8% | 227.8% |
% w/ College Degree | 90.1% | 4.6% |
As of the latest ACS Survey released in 2023, Wellesley, MA is a predominantly white area, with 72.7% of the population identifying as white. The white population has shrunk by 8.4% in the last 5 years. The second most common race or ethnicity in Wellesley, MA is asian, making up 12.9% of the population. Foreign-born residents account for 13.5% of the population in Wellesley, MA, and this percentage has decreased by 11.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 72.7% | -8.4% |
% Black | 2.0% | -39.4% |
% Hispanic | 5.3% | 6.0% |
% Asian | 12.9% | 27.7% |
% Foreign Born | 13.5% | -11.2% |
Mortgage and Risk — Wellesley, MA
According to HUD data as of 2023, there were 269 mortgage originations in Wellesley, MA, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 43.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Wellesley, MA. Investor activity is low, as 3.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 269 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Wellesley, MA
As of 2024, the percent of homes in Wellesley, MA under the Section 8 program is 6.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Wellesley, MA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 52 |
Total Units Section 8 | 52 |
% Rentals under Section 8 | 6.2% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$120 | $3,490 | $3,370 |
| 2 Bedroom | -$420 | $4,410 | $3,990 |
| 3 Bedroom | -$690 | $5,500 | $4,810 |
| 4 Bedroom | -$1,210 | $6,500 | $5,290 |
Affordability — Wellesley, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.2 |
| Median Home Price | $2,124,000 |
| Median Household Income | $250,000 |