Wayland appreciation rates and housing market information

Wayland housing market information

With 13,100 people, 4,735 houses or apartments, and a median cost of homes of $697,988, Wayland house prices are not only among the most expensive in Massachusetts, Wayland real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Wayland, accounting for 85.87% of the town's housing units. Other types of housing that are prevalent in Wayland include row houses and other attached homes (6.93%), duplexes, homes converted to apartments, or other small apartment buildings (4.73%), and a few large apartment complexes or high rise apartments (2.47%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Wayland. Owner-occupied housing accounts for 89.46% of Wayland's homes, and 69.65% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Wayland's housing was primarily built during this period, from the '40s through the '60s. A full 55.10% of the town's housing hails from this era. Other housing ages represented in Wayland include homes built between 1970-1994 (22.49%), and housing constructed from 1939 and earlier (17.32%). There's also some housing in Wayland built between 1995 and later (5.09%).

Wayland home appreciation rates

Appreciation rates for homes in Wayland have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 80.28%, which ranks in the top 40% nationwide. This equates to an annual average Wayland house appreciation rate of 8.02%.

Over the last year, Wayland appreciation rates have trailed the rest of the nation. In the last twelve months, Wayland's appreciation rate has been -2.75%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wayland were at -0.23%, which equates to an annual appreciation rate of -0.92%.

Relative to Massachusetts, our data show that Wayland's latest annual appreciation rate is higher than 74% of the other cities and towns in Massachusetts.