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Wakefield, MA Housing

 
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As of 2010-2014, median price of a house in Wakefield is $406,600, which is higher than the state average of $329,900 and is much higher than the national average of $175,700. The Wakefield median house value has grown by 67.74% since 2000. The growth rate for the price of a house in Wakefield is lower than the state average rate of 77.65% and is higher than the national average rate of 46.91%. The median year that a house in Wakefield was built is 1951, which is older than the median year for a house built in the state which is 1959 and is older than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 7,349 Owner Occupied Houses in Wakefield, MA, #61
Wakefield, MA
406,600 USD
Massachusetts
329,900 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #147
Wakefield, MA
67.74%
Massachusetts
77.65%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Wakefield, MAMassachusettsU.S.
Total Housing Units10,477, see rank, 100%2,816,875132,741,033
Occupied Housing Units9,951, 94.98%, see rank90.12%87.55%
Owner Occupied7,349, 70.14%, see rank56.12%56.34%
Renter Occupied2,602, 24.84%, see rank33.99%31.21%
Vacant Housing Units526, 5.02%, see rank9.88%12.45%
For Rent116, 1.11%, see rank1.67%2.34%
For Sale Only42, 0.40%, see rank0.74%1.20%
Rented or Sold, Not Occupied25, 0.24%, see rank0.77%0.92%
For Seasonal, Recreational, or Occasional Use20, 0.19%, see rank4.29%3.97%
For Migrant Workers0, 0.00%, see rank0.01%0.03%
Other Vacant323, 3.08%, see rank2.40%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #152
Wakefield, MAMassachusettsU.S.
195119591976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Wakefield, MA%MassachusettsU.S.
Owner-Occupied Units7,349100%1,580,93874,787,460
With a Mortgage5,34372.70%, see rank71.18%65.58%
Without a Mortgage2,00627.30%, see rank28.82%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Wakefield, MA
2,363 USD
Massachusetts
2,095 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsWakefield, MA%MassachusettsU.S.
$299 or Less00.00%, see rank0.09%0.20%
$300 to $499300.56%, see rank0.49%1.59%
$500 to $699400.75%, see rank1.47%5.01%
$700 to $9991282.40%, see rank4.74%14.32%
$1,000 to $1,4994648.68%, see rank16.44%27.90%
$1,500 to $1,99989216.69%, see rank22.84%20.35%
$2,000 to $2,9992,67250.01%, see rank34.83%19.52%
$3,000 or More1,11720.91%, see rank19.10%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Wakefield, MA
24.40% of the Total Income
Massachusetts
24.60% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Wakefield, MA%MassachusettsU.S.
10% or Less1903.56%, see rank5.29%5.86%
10% to 20%1,70031.82%, see rank29.25%31.95%
20% to 30%1,42226.61%, see rank29.39%27.64%
30% to 40%1,02019.09%, see rank14.83%13.74%
40% or More99718.66%, see rank20.86%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Wakefield, MA
772 USD
Massachusetts
707 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsWakefield, MA%MassachusettsU.S.
$199 or Less00.00%, see rank1.57%7.76%
$200 to $299643.19%, see rank2.45%14.70%
$300 to $4991698.42%, see rank16.27%34.63%
$500 to $69952826.32%, see rank28.91%21.16%
$700 or More1,24562.06%, see rank50.80%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Wakefield, MA
13.70% of the Total Income
Massachusetts
14.90% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Wakefield, MA%MassachusettsU.S.
10% or Less58229.01%, see rank31.52%40.19%
10% to 20%84542.12%, see rank31.52%31.47%
20% to 30%1678.33%, see rank14.65%12.24%
30% to 40%1718.52%, see rank7.86%5.64%
40% or More22711.32%, see rank13.41%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Wakefield, MAMassachusettsU.S.
Total Housing Units10,477, 100%2,816,875132,741,033
1-unit, Detached6,437, 61.44%, see rank52.24%61.65%
1-unit, Attached360, 3.44%, see rank5.19%5.82%
2 Units1,085, 10.36%, see rank10.16%3.75%
3 or 4 Units1,088, 10.38%, see rank10.94%4.43%
5 to 9 Units339, 3.24%, see rank5.95%4.78%
10 or More Units1,168, 11.15%, see rank14.65%13.08%
Mobile Home, Boat, RV, Van, etc.0, 0.00%, see rank0.87%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Wakefield, MAMassachusettsU.S.
Total Housing Units10,477, 100%2,816,875132,741,033
1 Room219, 2.09%, see rank2.33%1.95%
2 Rooms300, 2.86%, see rank3.02%2.48%
3 Rooms857, 8.18%, see rank10.03%9.13%
4 Rooms1,319, 12.59%, see rank15.77%16.60%
5 Rooms1,135, 10.83%, see rank18.26%20.41%
6 Rooms2,034, 19.41%, see rank17.63%18.06%
7 Rooms1,845, 17.61%, see rank12.23%12.27%
8 Rooms1,247, 11.90%, see rank9.28%8.48%
9 Rooms or More1,521, 14.52%, see rank11.45%10.60%
Median Rooms6.20, see rank5.505.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Wakefield, MAMassachusettsU.S.
Total Housing Units10,477, 100%2,816,875132,741,033
No Bedroom219, 2.09%, see rank2.56%2.17%
1 Bedroom1,376, 13.13%, see rank14.08%11.16%
2 Bedrooms2,438, 23.27%, see rank28.19%26.69%
3 Bedrooms4,206, 40.15%, see rank34.72%39.70%
4 Bedrooms1,750, 16.70%, see rank16.00%16.05%
5 or More Bedrooms488, 4.66%, see rank4.45%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Wakefield, MAMassachusettsU.S.
Total Housing Units9,951, 100%2,538,485116,211,092
Utility Gas4,170, 41.91%, see rank49.70%48.85%
Bottled, Tank, or LP Gas97, 0.97%, see rank2.86%4.86%
Electricity808, 8.12%, see rank14.23%36.68%
Fuel Oil, Kerosene, etc.4,769, 47.92%, see rank30.36%5.86%
Coal or Coke0, 0.00%, see rank0.13%0.12%
Wood52, 0.52%, see rank1.69%2.12%
Solar Energy0, 0.00%, see rank0.03%0.05%
Other Fuel55, 0.55%, see rank0.65%0.47%
No Fuel Used0, 0.00%, see rank0.35%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalWakefield, MAMassachusettsU.S.
Occupied Units Paying Rent2,510, 100%924,80939,201,928
$199 or Less34, 1.35%, see rank2.07%1.50%
$200 to $29951, 2.03%, see rank5.74%3.18%
$300 to $499128, 5.10%, see rank7.69%7.37%
$500 to $699171, 6.81%, see rank8.07%16.01%
$700 to $999517, 20.60%, see rank20.08%29.17%
$1,000 to $1,4991,053, 41.95%, see rank31.42%26.88%
$1,500 to $1,999476, 18.96%, see rank15.67%9.79%
$2,000 or More80, 3.19%, see rank9.27%6.10%
Median$1,179, see rank$1,088$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Wakefield, MAMassachusettsU.S.
Occupied Housing Units9,951, 100%2,538,485116,211,092
No Vehicles Available470, 4.72%, see rank12.57%9.12%
1 Vehicles Available3,501, 35.18%, see rank36.07%33.80%
2 Vehicles Available4,331, 43.52%, see rank36.51%37.48%
3 or More Vehicles Available1,649, 16.57%, see rank14.84%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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