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These days, finding an affordable place to live in the Wakefield area can be challenging. Home prices in Wakefield are now at a median cost of $345,099, lower than the New Hampshire average of $417,591.
The average cost of rent is $1,375/mo in Wakefield, primarily driven by the current value of real estate in the Wakefield area. In Wakefield, 3.27% of households rent, and 32.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wakefield is $7,195 per month. Households that rent pay about 19.11% of their income on rent here. Wakefield’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sanbornville, NH: equally priced homes
- East Wakefield, NH: equally priced homes
- Milton Mills, NH: equally priced homes
- Acton, ME: equally priced homes
- South Wolfeboro, NH: higher priced homes
- West Newfield, ME: equally priced homes
- Union, NH: less expensive homes
- North Shapleigh, ME: equally priced homes
- Wolfeboro Center, NH: equally priced homes
- Newfield, ME: less expensive homes
Cities with Similar Populations
- McGrath, MN: less expensive homes
- Rio Nido, CA: higher priced homes
- Rickreall, OR: higher priced homes
- Richmond Mills, NC: less expensive homes
- Rice, IL: less expensive homes
- Rice Hill, OR: higher priced homes
- Reform, MS: less expensive homes
- Redfox, KY: less expensive homes
- Redfield, OH: less expensive homes
- North Lyme, CT: higher priced homes
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