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Wellesley, MA—02482

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$1,869,000
3.6% YoY Growth
Household Income
$240,000
46.6% YoY Growth
Days on Market
41
17.0% Longer YoY
Home Price Forecast
0.3%
Median Rent
$5,000
10.7% YoY Growth
1-Bed Rent
$2,400
11.5% YoY Growth
2-Bed Rent
$3,700
0.3% YoY Growth
3-Bed Rent
$5,300
10.9% YoY Growth

Other Zip Codes in Wellesley, MA

02481
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Wellesley, MA

As of May '26, the median home price in Wellesley, MA is $1,869,000, with a year-over-year change of 3.6%. This indicates that home prices in Wellesley, MA are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$1,869,0003.6%
Single Family $1,989,0003.6%
Condos $1,204,0005.9%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$1,142,0005.5%
    3 Bed
    		$1,510,0002.6%
    4 Bed
    		$2,083,0003.5%
    5 Bed $2,777,1944.3%
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    % of Housing Stock

    Studio
    0.3%
    1 Bedroom
    7.4%
    2 Bedrooms
    16.8%
    3 Bedrooms
    28.6%
    4 Bedrooms
    33.0%
    5+ Bedrooms
    13.9%

    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.

    TypeMedian RentAverage Rent
    Average Rent$5,000$5,500
    Studio Rent N/AN/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
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    % of Rental Stock

    Studio
    1.3%
    1 Bedroom
    25.6%
    2 Bedrooms
    30.7%
    3 Bedrooms
    18.7%
    4 Bedrooms
    12.8%
    5+ Bedrooms
    10.9%

    Property Listings — Wellesley, MA

    As of May '26, Realtor.com reports that the median days on market for a home in Wellesley, MA is 41. This is a increase of 17.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$2,250,000-5.0%
    Listing Count
    		7136.0%
    Listings as % of Homes0.5%36.0%
    Days on Market
    		4117.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio6.3
    Median Home Price$1,869,000
    Median Household Income$240,000

    Wellesley, MA — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions