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.


Housing Size

Housing Units by Size
Studio Type1%
One Bedroom13.40%
Two Bedrooms25.30%
Three Bedrooms40.20%
Four Bedrooms16.20%
Five Bedrooms or more4%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.83
Median year structure was built1948
Median Value of occupied units$242,400
Median Price asked for vacant units$162,500

Rented Homes, Apartments and Condos

Average Household Size1.73
Median year structure was built1951
Median Monthly Rent asked for vacant units$684

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.50%
Second Mortgage4.20%
Home Equity Loan13.10%
Simple Mortgage51.20%
Debt Free31%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.4%