Most Expensive Wellesley Neighborhoods
Wellesley is a medium-sized town located in the state of Massachusetts. With a population of 29,362 people and six constituent neighborhoods, Wellesley is the 65th largest community in Massachusetts.
Wellesley home prices are not only among the most expensive in Massachusetts, but Wellesley real estate also consistently ranks among the most expensive in America.
Wellesley is a decidedly white-collar town, with fully 97.15% of the workforce employed in white-collar jobs, well above the national average. Overall, Wellesley is a town of professionals, managers and sales and office workers. There are especially a lot of people living in Wellesley who work in management occupations (18.67%), sales jobs (12.23%) and teaching (10.46%).
Also of interest is that Wellesley has more people living here who work in computers and math than 95% of the places in the US.
A relatively large number of people in Wellesley telecommute to their jobs. Overall, about 9.62% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Because there are quite a few people attending college in Wellesley, it is thought of as a college town. To the benefit of the many students in the area, Wellesley provides a number of services, amenities and opportunities geared towards their needs and activities.
Because of many things, Wellesley is a great place for families with children to consider. First of all, many other families with children live here, making Wellesley a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Wellesley has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Wellesley’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.
For the size of the town, public transportation in Wellesley is quite heavily used. Mostly, people who use it for their daily commute are taking the train. For Wellesley, the benefits are reduced air pollution and congestion on the highways.
If knowledge is power, Wellesley is a pretty powerful place. 82.15% of the adults in Wellesley have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Wellesley in 2010 was $71,733, which is wealthy relative to Massachusetts and the nation. This equates to an annual income of $286,932 for a family of four.
Wellesley is a somewhat ethnically-diverse town. The people who call Wellesley home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Wellesley residents report their race to be White, followed by Asian. Important ancestries of people in Wellesley include Irish, English, Italian, German, Polish and Russian.
The most common language spoken in Wellesley is English. Other important languages spoken here include Chinese and Spanish.
|NUMBER OF HOMES AND APARTMENTS||8,594|
|WELLESLEY HOME OWNERSHIP|
|% OWNER OCCUPIED||69.50%|
|% RENTER OCCUPIED||30.50%|
|TYPE OF WELLESLEY HOMES|
|SINGLE FAMILY DETACHED||80.30%|
|ROWHOUSES AND ATTACHED HOMES||2.69%|
|SMALL APARTMENT BUILDINGS||4.90%|
|COMPLEXES OR HIGH RISE APARTMENTS||12.11%|
|SIZE OF WELLESLEY HOMES|
|5 OR MORE BEDROOMS||22.43%|
|AGE OF WELLESLEY HOMES|
|NEWER HOMES (2000 OR LATER)||8.83%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||16.30%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||38.57%|
|HISTORIC (1939 OR BEFORE)||36.30%|
|WELLESLEY REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$1,044,303|
|MEDIAN RENTAL PRICE||$2,012|
|HOME VALUE RANGE|
|$0 - $58,000||0.20%|
|$58,001 - $116,000||0.56%|
|$116,001 - $231,000||0.68%|
|$231,001 - $347,000||1.54%|
|$347,001 - $462,000||1.77%|
|$462,001 - $578,000||4.97%|
|$578,001 - $867,000||23.08%|
|$867,001 - $1,156,000||26.22%|
|PEOPLE OF WELLESLEY||DETAILS|
|UNDER 5 YEARS||5.07%|
|5 TO 17||21.77%|
|18 TO 24||17.35%|
|25 TO 34||4.41%|
|35 TO 54||26.76%|
|55 TO 64||10.90%|
|65 YEARS AND OVER||13.75%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||98.06%|
|MEDIAN HOUSEHOLD INCOME||$159,615|
|PER CAPITA INCOME||$71,733|
|INDIVIDUALS BELOW POVERTY LEVEL||3.47%|
|INDUSTRIES PEOPLE WORK IN||Education (21.48%)
Professional, scientific, and technical services (17.32%)
Public Service (2.86%)
Real estate (2.73%)
Information Technology (2.54%)
|BLACK OR AFRICAN AMERICAN||2.03%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.08%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.04%|
|SOME OTHER RACE ALONE||1.16%|
|TWO OR MORE RACES||2.41%|
|HISPANIC OR LATINO (OF ANY RACE)||4.89%|
|ETHNICITIES PRESENT||Irish (22.36%)
|LANGUAGES SPOKEN||English (80.99%)
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