Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Wellesley

Learn about the people, housing, costs and businesses in Wellesley, Massachusetts

Median Home$557,345
Median Rent$1,624/month
Population132,540
Leading IndustriesHealthcare · Arts, Food & Hospitality · Public Administration13% healthcare
Home Value Growth⬆⬆+14.4% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners64% of occupied units
NotableHigh Incomes$109k/year · top 9% nationally
Wellesley
MA

Frequently Asked Questions

What are today's mortgage rates in Wellesley?

As of today, the 30-year fixed mortgage rate for Wellesley is approximately 6.889% (6.925% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Wellesley
What is the median home price in Wellesley?

The median home value in Wellesley is $557k. The median monthly rent is $1,624. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wellesley?

Home values in Wellesley have increased 14.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Wellesley?

Based on a typical all-in ownership cost of $1,866/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $80k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wellesley is $109k/year.

Calculate your buying power
What industries drive the economy in Wellesley?

The largest employment sectors in Wellesley are public administration (26%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.