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Real Estate Prices & Overview

Wakefield South median real estate price is $846,739, which is more expensive than 72.8% of the neighborhoods in Massachusetts and 88.4% of the neighborhoods in the U.S.

The average rental price in Wakefield South is currently $3,661, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 67.7% of the neighborhoods in Massachusetts.

Wakefield South is a suburban neighborhood (based on population density) located in Wakefield, Massachusetts.

Wakefield South real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Wakefield South neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.

In Wakefield South, the current vacancy rate is 1.6%, which is a lower rate of vacancies than 89.0% of all neighborhoods in the U.S. This means that the housing supply in Wakefield South is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

People

If you're a regular supporter of the arts and enjoy outings to the theatre, weekend boutique-ing, or even a finely aged wine with dinner, than you're in good company with the people of the Wakefield South neighborhood. This neighborhood is uniquely immersed with more "urban sophisticates" than 96.3% of neighborhoods across the country. The people here truly stand out as a class among their own. They are an exclusive community characterized by refined tastes, cultural inclinations, and the means to live well. Urban sophisticates live a big city lifestyle, whether or not they live in or near a big city. They are educated executives or managers by week, and serial patrons of the arts by weekend. If this lifestyle pertains to you, than you'll certainly feel right at home in the Wakefield South neighborhood. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for active retirees.

Modes of Transportation

In the Wakefield South neighborhood, 13.5% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of train ridership than in 96.1% of the neighborhoods in America.

Diversity

Did you know that the Wakefield South neighborhood has more Irish and Italian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 34.9% of this neighborhood's residents have Irish ancestry and 25.8% have Italian ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Wakefield South neighborhood in Wakefield are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 88.5% of the neighborhoods in America. In addition, 5.4% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 63.2% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Wakefield South neighborhood, 62.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 16.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (13.6%), and 7.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Wakefield South neighborhood is English, spoken by 90.1% of households. Some people also speak Spanish (2.7%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Wakefield South neighborhood in Wakefield, MA, residents most commonly identify their ethnicity or ancestry as Irish (34.9%). There are also a number of people of Italian ancestry (25.8%), and residents who report English roots (12.3%), and some of the residents are also of Asian ancestry (4.0%), along with some Greek ancestry residents (3.2%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Wakefield South neighborhood spend between 15 and 30 minutes commuting one-way to work (30.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (54.4%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (13.5%) and 11.6% of residents also carpool with coworkers, friends, or neighbors for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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