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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Wayland, MA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Wayland, MA Housing Market Trends

With a population of 13,664, 4,949 total housing units (homes and apartments), and a median house value of $1,001,287, 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 80.68% of the town's housing units. Other types of housing that are prevalent in Wayland include row houses and other attached homes ( 8.54%), duplexes, homes converted to apartments or other small apartment buildings ( 6.34%), and a few large apartment complexes or high rise apartments ( 4.31%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wayland. Owner-occupied housing accounts for 91.15% of Wayland's homes, and 64.72% 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 45.40% of the town's housing hails from this era. Other housing ages represented in Wayland include homes built between 1970-1999 ( 21.72%) and housing constructed between 2000 and later ( 16.76%). There's also some housing in Wayland built before 1939 ( 16.12%).

Wayland Home Appreciation Rates

Wayland's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Wayland during the period has been just 5.19%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Wayland's appreciation rate, at 6.13%, has been at or slightly above the national average. In the latest quarter, Wayland's appreciation rate has been 1.11%, which annualizes to a rate of 4.52%.

Relative to Massachusetts, our data show that Wayland's latest annual appreciation rate is lower than 80% of the other cities and towns in Massachusetts.

Average Home Values

Median Home Value

$1,001,287

Wayland, MA Home Prices
> $1,240,000
$930,001 - $1,240,000
$620,001 - $930,000
$496,001 - $620,000
$372,001 - $496,000
$248,001 - $372,000
$124,001 - $248,000
$62,001 - $124,000
$0 - $62,000
32.2%
32.2%
31.3%
31.3%
29.7%
29.7%
3.3%
3.3%
1.1%
1.1%
0.7%
0.7%
0.7%
0.7%
0.4%
0.4%
0.6%
0.6%
0% 100.0%
% of Homes
Very High

for Massachusetts

Very High

for nation

Number of Homes And Apartments:

4,949

Wayland Appreciation Rates

Rent & Ownership

Average Market Rent:

$6,235 / per month

Homeownership Rate

Owners
Renters
91.1%
91.1%
8.9%
8.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.5%
3.5%
96.5%
96.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
16.8%
16.8%
21.7%
21.7%
45.4%
45.4%
16.1%
16.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
80.7%
80.7%
8.5%
8.5%
6.3%
6.3%
4.3%
4.3%
0.1%
0.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.7%
0.7%
5.6%
5.6%
18.5%
18.5%
31.3%
31.3%
33.4%
33.4%
10.6%
10.6%
0% 100.0%
% of Homes

Popular Neighborhoods in Wayland

Zip Codes in Wayland, MA