Rental market snapshot for Wakefield, Massachusetts

Wakefield, Massachusetts Rental Property Market Overview

The average rent for an apartment in Wakefield is $2,497. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by -5.0% over the past year.

Wakefield is a town in Middlesex County, Massachusetts in the Greater Boston metropolitan area. The population was 24,932 at the 2010 census. Wakefield was first settled in 1638 and was incorporated in 1812. The town is home to Lake Quannapowitt, Crystal Lake, and the Wakefield Memorial Opera House.

Last Updated December 23, 2022

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Average monthly rent graph in Wakefield Massachusetts | Cost of Living

  • The most expensive ZIP Code in Wakefield is 01880 with an average price of $2,825
  • The cheapest ZIP Code in Wakefield is 01880 with an average price of $2,525

Wakefield ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
101880$2,825

Live near Wakefield, Massachusetts's Top Sights and Attractions

Lower Common is a park located in the center of Wakefield, Massachusetts. The park is home to a variety of trees, flowers, and shrubs, as well as a playground and a gazebo. The park is a popular destination for families and picnickers alike.

Crystal Lake Watershed is a beautiful body of water located in Wakefield, Massachusetts. The lake is surrounded by lush greenery and is a popular spot for swimming, fishing, and boating.

Spaulding Park is a beautiful park located in Wakefield, Massachusetts. The park is home to a variety of trees, flowers, and shrubs, as well as a pond. Visitors can enjoy a variety of activities in the park, including picnicking, fishing, hiking, and bird watching.

Wakefield Dog Park is a large fenced-in area where dogs can run and play off-leash. The park has a small pond for dogs to cool off in, and a picnic area for humans to enjoy.

Reedy Meadow is a beautiful nature preserve with hiking trails, a river, and a variety of wildlife.

Hall Park is a beautiful park located in the heart of Wakefield, Massachusetts. The park features a large pond, walking trails, and a playground.

The Americal Civic Center is a multi-purpose arena and convention center in Wakefield, Massachusetts. The arena has a capacity of 3,500 people and is home to the Wakefield Warriors hockey team. The convention center has a capacity of 1,000 people and hosts a variety of events throughout the year.

Weber City is an attraction in Wakefield, Massachusetts that is known for its scenic views and hiking trails. The area is also home to a number of historical landmarks, including the Old Stone House and the John Greenleaf Whittier House.

Wakefield, Massachusetts area median rent change by ZIP Code map

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How does Wakefield compare to other cities in Massachusetts ?

citymedian price
Stoneham$3,183
Somerville$3,300
Gloucester$2,200
Dedham$2,955
Hudson$2,450
Randolph$2,293
Shrewsbury$2,141
Concord$2,694
Winthrop$2,250
Northampton$2,190

Average household income in Wakefield area graph - US Census

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The median household income in Wakefield in 2021 was $103,696. This represents a 21.5% change from 2011 when the median was $85,379.

#categorypercent
0Less than $10,0003.0%
1$10,000 to $14,9992.2%
2$15,000 to $19,9992.2%
3$20,000 to $24,9992.0%
4$25,000 to $29,9991.5%
5$30,000 to $34,9992.9%
6$35,000 to $39,9992.3%
7$40,000 to $44,9992.1%
8$45,000 to $49,9992.7%
9$50,000 to $59,9995.3%
10$60,000 to $74,9999.6%
11$75,000 to $99,99911.5%
12$100,000 to $124,99910.1%
13$125,000 to $149,99910.1%
14$150,000 to $199,99913.8%
15$200,000 or more18.6%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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