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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 13,664, 4,949 total housing units (homes and apartments), and a median house value of $1,195,325, 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%).
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 90.83%, which ranks in the top 50% nationwide. This equates to an annual average Wayland house appreciation rate of 6.68%.
Appreciation rates are so strong in Wayland that despite a nationwide downturn in the housing market, Wayland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Wayland appreciation rates continue to be some of the highest in America, at 13.83%, which is higher than appreciation rates in 96.49% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Wayland. Wayland appreciation rates in the latest quarter were at 2.38%, which equates to an annual appreciation rate of 9.87%.
Relative to Massachusetts, our data show that Wayland's latest annual appreciation rate is higher than 90% of the other cities and towns in Massachusetts.
$1,195,325
for Massachusetts
for nation
4,949
$6,537 / per month