Wellesley, MA Real Estate

According to census data in the year 2000 there were 8,861 housing units in Wellesley. This represents a 1.1% growth from 8,764 in 1990.

Of those housing units, 8,861 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Wellesley is about 83.1%. Wellesley's vacancy rate, including seasonal lodging, is about 3%. Average household size is 2.7 people.

The majority of houses, apartments or condos in Wellesley were built after 1946.


Housing Size

Housing Units by Size
Studio Type0.30%
One Bedroom6.40%
Two Bedrooms13.10%
Three Bedrooms34.20%
Four Bedrooms30.10%
Five Bedrooms or more15.70%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.78
Median year structure was built1946
Median Value of occupied units$548,100
Median Price asked for vacant units$847,200

Rented Homes, Apartments and Condos

Average Household Size2.26
Median year structure was built1949
Median Monthly Rent asked for vacant units$923

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.10%
Second Mortgage5.10%
Home Equity Loan12.90%
Simple Mortgage51.20%
Debt Free30.70%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.4%