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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 6.40% |
| Two Bedrooms | 13.10% |
| Three Bedrooms | 34.20% |
| Four Bedrooms | 30.10% |
| Five Bedrooms or more | 15.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.78 |
| Median year structure was built | 1946 |
| Median Value of occupied units | $548,100 |
| Median Price asked for vacant units | $847,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.26 |
| Median year structure was built | 1949 |
| Median Monthly Rent asked for vacant units | $923 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 5.10% |
| Home Equity Loan | 12.90% |
| Simple Mortgage | 51.20% |
| Debt Free | 30.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.4% |
