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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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 13,835, 4,786 total housing units (homes and apartments), and a median house value of $832,042, 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 81.99% of the town's housing units. Other types of housing that are prevalent in Wayland include row houses and other attached homes ( 8.58%), large apartment complexes or high rise apartments ( 4.63%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.56%).

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 91.03% of Wayland's homes, and 66.13% 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 52.71% of the town's housing hails from this era. Other housing ages represented in Wayland include homes built between 1970-1999 ( 20.87%) and housing constructed before 1939 ( 15.27%). There's also some housing in Wayland built between 2000 and later ( 11.15%).

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 43.13%, which ranks in the top 40% nationwide. This equates to an annual average Wayland house appreciation rate of 3.65%.

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 5.10%, 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 2.09%, which equates to an annual appreciation rate of 8.62%.

Relative to Massachusetts, our data show that Wayland's latest annual appreciation rate is lower than 90% of the other cities and towns in Massachusetts.

Average Home Values

 
info

Median Home Value:
$832,042

Wayland, MA HOME PRICES

> $1,155,000
18.6%
18.6%
$866,001 - $1,155,000
25.0%
25.0%
$577,001 - $866,000
38.2%
38.2%
$462,001 - $577,000
12.3%
12.3%
$346,001 - $462,000
3.7%
3.7%
$231,001 - $346,000
1.3%
1.3%
$116,001 - $231,000
0.5%
0.5%
$57,001 - $116,000
0.2%
0.2%
$0 - $57,000
0.2%
0.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for MA

Value Relative To Nation

Number Of Homes And Apartments:
4,786

Wayland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
77.47% 2.77%
5
6
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$2,197 / per month

Homeownership Rate

Owners
91.0%
91.0%
Renters
9.0%
9.0%
Vacant
6.9%
6.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
11.1%
11.1%
1970 - 1999
20.9%
20.9%
1940 - 1969
52.7%
52.7%
1939 or Older
15.3%
15.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
82.0%
82.0%
Townhomes
8.6%
8.6%
Small Apt. Buildings
3.6%
3.6%
Apt. Complexes
4.6%
4.6%
Mobile Homes
1.2%
1.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.0%
1.0%
1 Bedroom
5.9%
5.9%
2 Bedrooms
15.5%
15.5%
3 Bedrooms
31.2%
31.2%
4 Bedrooms
34.9%
34.9%
5 or more bedrooms
11.5%
11.5%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Wayland

Zip Codes in Wayland, MA