Wakefield, MA Real Estate
According to census data in the year 2000 there were 9,937 housing units in Wakefield.
This represents a 4.4% growth from 9,520 in 1990.
Of those housing units, 9,937 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Wakefield is about 72%.
Wakefield's vacancy rate, including seasonal lodging, is about 1.9%.
Average household size is 2.52 people.
The majority of houses, apartments or condos in Wakefield were built after 1949.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1% |
| One Bedroom | 13.40% |
| Two Bedrooms | 25.30% |
| Three Bedrooms | 40.20% |
| Four Bedrooms | 16.20% |
| Five Bedrooms or more | 4% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.83 |
| Median year structure was built | 1948 |
| Median Value of occupied units | $242,400 |
| Median Price asked for vacant units | $162,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.73 |
| Median year structure was built | 1951 |
| Median Monthly Rent asked for vacant units | $684 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 4.20% |
| Home Equity Loan | 13.10% |
| Simple Mortgage | 51.20% |
| Debt Free | 31% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.4% |
