Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Wellesley Island area can be challenging. Home prices in Wellesley Island are now at a median cost of $351,249, lower than the New York average of $481,023.
The average cost of rent is $781/mo in Wellesley Island, primarily driven by the current value of real estate in the Wellesley Island area. While nearly 54.60% of residents own their homes outright in Wellesley Island, 2.12% rent.
Housing affordability isn’t just about home prices, though. The average household income in Wellesley Island is $6,224 per month. Households that rent pay about 12.54% of their income on rent here. Wellesley Island's most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the city.
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