Rental market snapshot for Wakefield, Massachusetts

Wakefield, Massachusetts Rental Property Market Overview

Wakefield, Massachusetts is a small town located in Middlesex County, just north of Boston. According to the US Census, the population of Wakefield in 2021 is estimated to be 24,932. Wakefield is a vibrant community with a variety of shops, restaurants, and recreational activities. It is also home to the historic Lake Quannapowitt, which offers a variety of outdoor activities for residents and visitors alike.

The average rent for an apartment in Wakefield is $2,810. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated February 01, 2024

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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 $2,803.
  • The cheapest ZIP code in Wakefield is 01880 with an average price of $2,803.

Wakefield ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
101880$2,803

Live near Wakefield, Massachusetts's Top Sights and Attractions

Lower Common is a picturesque park located in a quaint New England town. It features a large grassy area with a gazebo, benches, and a fountain. There are also walking paths, a playground, and a pond with a dock. The park is surrounded by trees and is a popular spot for picnics, outdoor concerts, and other events.

Crystal Lake Watershed is a natural attraction located in Wakefield, Massachusetts. It is a picturesque lake surrounded by lush greenery and a variety of wildlife. Visitors can enjoy a variety of activities such as fishing, canoeing, kayaking, and swimming. The lake is also home to a variety of birds and other wildlife, making it a great spot for bird watching. The area also has several trails for hiking and biking, as well as picnic areas and playgrounds.

Spaulding Park is a popular outdoor recreation area located in Wakefield, Massachusetts. It features a large pond, walking trails, a playground, and plenty of open space for picnicking and other activities. The park is also home to a variety of wildlife, including ducks, geese, and other birds. It's a great place to spend a day outdoors, enjoying the fresh air and natural beauty of the area.

Wakefield Dog Park is a large, fenced-in area where dogs can run and play off-leash. It features a variety of terrain, including grassy areas, wooded trails, and a pond. There are also benches and picnic tables for owners to relax and enjoy the scenery. The park is open year-round and provides a safe and fun environment for dogs and their owners.

Reedy Meadow is a scenic nature preserve located in the heart of Massachusetts. It features a variety of outdoor activities, such as hiking, biking, fishing, and bird watching. The preserve is home to a variety of wildlife, including deer, foxes, and a variety of birds. The trails are well-maintained and offer stunning views of the surrounding landscape. Visitors can also explore the nearby wetlands, which are home to a variety of amphibians and reptiles. Reedy Meadow is a great place to spend a day outdoors and enjoy the beauty of nature.

Hall Park is a beautiful outdoor space located in a small town in Massachusetts. It features a large pond, walking trails, and plenty of open green space for picnicking and relaxing. There is a playground for children, as well as a gazebo and a pavilion for events. The park also has a variety of wildlife, including ducks, geese, and other birds. The park is a great place to spend a day outdoors, enjoying the fresh air and natural beauty.

Americal Civic Center is a historic building located in a small town in Massachusetts. It was built in the late 1800s and has been a popular destination for visitors ever since. The center is a two-story brick building with a large central hall and several smaller rooms. It is surrounded by a large park with a pond and walking paths. Inside, visitors can find a variety of exhibits, including a museum of local history, a library, and a theater. The center also hosts a variety of events, such as concerts, plays, and lectures.

Weber City is an outdoor attraction located in Wakefield, Massachusetts. It features a variety of activities for all ages, including a miniature golf course, batting cages, an arcade, and a go-kart track. The park also has a snack bar, picnic areas, and a playground. Visitors can also enjoy a variety of special events throughout the year, such as concerts, festivals, and holiday celebrations.

Veterans Memorial Common is a beautiful park located in a small town in Massachusetts. It features a large memorial dedicated to the veterans of the town, as well as a pond, walking trails, and a playground. The memorial is surrounded by a variety of trees and shrubs, and the pond is home to a variety of wildlife. The walking trails are perfect for a leisurely stroll, and the playground is great for children of all ages. The park is a great place to relax and enjoy the beauty of nature.

J J Round Park is a beautiful outdoor space located in a small town in Massachusetts. It features a large pond, walking trails, and plenty of open grassy areas for picnicking and playing. The park also has a playground, basketball court, and a gazebo. There are plenty of benches and picnic tables scattered throughout the park, making it a great spot for a family outing or a romantic stroll. The park is also home to a variety of wildlife, including ducks, geese, and other birds.

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
Belmont$3,100
Arlington$3,000
Salem$2,686
Andover$2,650
Canton$2,648
Stoughton$2,518
Mashpee$2,200
Springfield$1,625
Leominster$1,575

Average household income in Wakefield area graph - US Census

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The median household income in Wakefield in 2021 was $110,372. This represents a 28.6% change from 2011 when the median was $85,810.

#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%

Neighborhoods in Wakefield

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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.

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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.

As of December , the average rent in Wakefield is $2,810.
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