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Wakefield, MA
Full City Profile · Massachusetts · Suffolk County County
3.6
/5.0
B+
Good
27,284
Population
3,692/sq mi density
$130,320
Median Income
$67,001 per capita
$670,100
Home Value
$797,699 Zillow
$1,872
Median Rent
27.6% income on rent
51°F
Avg Temperature
259 sunny days/yr
136
Violent Crime/100K
603 property/100K
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.8 / 5.0
$130,320 median income, 3.1% unemployment
B+
Affordability
3.8 / 5.0
$670,100 home value, $1,872/mo rent
F
Safety
1.0 / 5.0
136 violent crimes/100K
A+
Education
5.0 / 5.0
57.0% bachelor's degree or higher
Housing Overview
Median Home Value
$670,100
138% above
US avg: $281,900
Median Rent
$1,872/mo
61% above
US avg: $1,163/mo
Homeownership Rate
70.4%
8% above US avg (65.4%)
Total Housing Units
11,335
Median year built: 1957
Home Value by Source
Census Median
$670,100
Zillow (ZHVI)
$797,699
Median Sale Price
$785,000
Median List Price
$774,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
70.4%
Owner-Occupied
29.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,727/mo
1 Bedroom
$1,822/mo
2 Bedroom
$2,300/mo
3 Bedroom
$2,858/mo
4 Bedroom
$3,232/mo
Census median rent:
$1,872/mo
· Zillow rent:
$2,627/mo
Market Indicators (Redfin)
Median Days on Market
21 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
7
Price Drops
12.5%
of listings with price reduction
Price Per Sq Ft
$523
Active Inventory
16
homes for sale
Affordability & Housing Stock
Rent Burden
27.6%
of renters spending 30%+ of income on housing
11% below US avg (31.0%)
Median Year Built
1957
Average age of housing stock: 69 years
Homeownership Rate
70.4%
Complete Housing Data
Home Values
| Census Median Value | $670,100 |
| Zillow Home Value (ZHVI) | $797,699 |
| Median Sale Price | $785,000 |
| Median List Price | $774,900 |
| Price Per Sq Ft | $523 |
Rent
| Census Median Rent | $1,872 |
| Zillow Rent (ZORI) | $2,627 |
| FMR Studio | $1,727 |
| FMR 1-Bedroom | $1,822 |
| FMR 2-Bedroom | $2,300 |
| FMR 3-Bedroom | $2,858 |
| FMR 4-Bedroom | $3,232 |
Market
| Days on Market | 21 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 12.5% |
| Homes Sold | 7 |
| Active Inventory | 16 |
| Price Per Sq Ft | $523 |
Ownership & Stock
| Owner-Occupied | 70.4% |
| Renter-Occupied | 29.6% |
| Homeownership Rate | 70.4% |
| Total Housing Units | 11,335 |
| Median Year Built | 1957 |
| Rent Burden | 27.6% |