Wellesley, MA—02482
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 $1,769,000, with a year-over-year change of 2.5%. This indicates that home prices in Wellesley, MA are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,769,000 | 2.5% |
| Single Family | $1,868,000 | 2.8% |
| Condos | $1,154,000 | 4.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $1,076,000 | 3.9% |
3 Bed | $1,422,000 | 2.1% |
4 Bed | $1,970,000 | 3.2% |
| 5 Bed | $2,653,000 | 3.8% |
% of Housing Stock
Rental Trends — Wellesley, MA
As of July '25, Rentcast reports the average rent in Wellesley, MA is $5,500, with a year-over-year rent change of 10.7%. Per bedroom, the median rent as of July '25 in Wellesley, MA is 1-bedrooms: $2,390, 2-bedrooms: $3,950, 3-bedrooms: $5,500, 4-bedrooms: $6,680. The most common rental property sizes in Wellesley, MA are 2-bedroom and 1-bedroom, accounting for 30.7% and 25.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $5,000 | $5,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,400 | $2,390 |
| 2 Bed Rent | $3,700 | $3,950 |
| 3 Bed Rent | $5,300 | $5,500 |
| 4 Bed Rent | $6,500 | $6,680 |
% 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 -14.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $2,010,000 | -15.0% |
Listing Count | 33 | -10.0% |
| Listings as % of Homes | 0.5% | -10.0% |
Days on Market | 36 | -14.0% |
Demographics — Wellesley, MA
As of the latest ACS Survey released in 2023, Wellesley, MA has a population of 10,800, which has decreased by -2.5% over the past 5 years. Wellesley, MA is a moderately popular place for families, as children make up 23.0% of the population. The area has a highly educated workforce, with 83.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,800 | -2.5% |
% Under 18 | 23.0% | -9.1% |
% Seniors | 21.9% | 17.7% |
% WFH | 30.3% | 138.6% |
% w/ College Degree | 83.5% | 4.4% |
As of the latest ACS Survey released in 2023, Wellesley, MA is a predominantly white area, with 73.5% of the population identifying as white. The white population has shrunk by 5.4% in the last 5 years. The second most common race or ethnicity in Wellesley, MA is asian, making up 14.6% of the population. Foreign-born residents account for 24.0% of the population in Wellesley, MA, and this percentage has increased by 46.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 73.5% | -5.4% |
% Black | 0.8% | -52.9% |
% Hispanic | 5.2% | 36.8% |
% Asian | 14.6% | 13.2% |
% Foreign Born | 24.0% | 46.3% |
Mortgage and Risk — Wellesley, MA
According to HUD data as of 2023, there were 146 mortgage originations in Wellesley, MA, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Wellesley, MA. Investor activity is low, as 5.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 146 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Wellesley, MA
As of 2024, the percent of homes in Wellesley, MA under the Section 8 program is 15.9%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Wellesley, MA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 139 |
Total Units Section 8 | 131 |
% Rentals under Section 8 | 15.9% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $820 | $2,400 | $3,220 |
| 2 Bedroom | $120 | $3,700 | $3,820 |
| 3 Bedroom | -$700 | $5,300 | $4,600 |
| 4 Bedroom | -$1,440 | $6,500 | $5,060 |
Affordability — Wellesley, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $1,769,000 |
| Median Household Income | $240,000 |