Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Wellesley area can be challenging. Home prices in Wellesley are now at a median cost of $1,354,167, higher than the Massachusetts average of $477,554.
The average cost of rent is $2,553/mo in Wellesley, primarily driven by the current value of real estate in the Wellesley area. While nearly 36.12% of residents own their homes outright in Wellesley, 18.85% rent.
Housing affordability isn’t just about home prices, though. The average household income in Wellesley is $16,249 per month. Households that rent pay about 15.71% of their income on rent here. Wellesley's most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Newton Lower Falls, MA: less expensive homes
- Needham, MA: less expensive homes
- Waban, MA: equally priced homes
- Auburndale, MA: less expensive homes
- Newton Upper Falls, MA: less expensive homes
- Weston, MA: equally priced homes
- Natick, MA: less expensive homes
- Cochituate, MA: less expensive homes
- Newton Highlands, MA: less expensive homes
- Dover, MA: less expensive homes
Cities with Similar Populations
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- Yabucoa, PR: less expensive homes
- Gloucester, MA: less expensive homes
- Glenside, PA: less expensive homes
- Glen Cove, NY: less expensive homes
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