The median home value in ZIP Code 02481 (Wellesley Hills, MA) is $1,243,000. Approximately 84.2% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 2.9%.
The average occupancy of owner-occupied units in ZIP Code 02481 is 3.18 occupants, while owner-occupied units have an aggregate average size of 4.1 bedrooms per housing unit.
In the 02481 ZIP Code, an estimated 15.8% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 4.3%.
Among renter-occupied units in this ZIP, the average occupancy is 2.54 occupants, while renters in this Norfolk County region spend an average of 0% of their income on housing rental costs.
See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 02481.
| ZIP 02481 | Massachusetts | U.S. | |
|---|---|---|---|
| Median Home Value | $1,243,000 | $656,427 | $364,385 |
| Owner-Occupied Housing Units | 84.2% | 62.4% | 64.0% |
| Homeowner Vacancy Rate | 2.9% | 1.0% | 1.6% |
| Average Size of Owner-Occupied Unit | 3.18 | 2.69 | 2.70 |
| Average # of Bedrooms Per Unit | 4.1 | 2.66 | 2.75 |
| Median Housing Rent | $0 | $1,282 | $1,062 |
| Renter-Occupied Housing Units | 15.8% | 37.6% | 36.0% |
| Rental Vacancy Rate | 4.3% | 3.6% | 6.0% |
| Average Size of Renter-Occupied Unit | 2.54 | 2.25 | 2.49 |
| Percent of Income Spent on Rent | 0% | 29.76% | 29.83% |
The median home value in ZIP Code 02481 is $1,243,000. That median value is about 226% higher than the median home value of $381,600 in Massachusetts overall, and is 471% higher than the $217,500 the median home value in the entire U.S. About 67.6% of homes in ZIP Code 02481 are valued $1,000,000 or more. That is 1066% higher than in Massachusetts, in which 5.8% of homes are valued at $1,000,000 or more, and is about 1888% higher than in the U.S. overall (3.4% of homes valued at $1,000,000 or more). The home value range that the smallest portion of ZIP Code 02481 homes fall into is $150,000 to $199,999 (0.0% of homes).
This chart visualizes the breakdown of home values in ZIP Code 02481, Massachusetts, and also in the U.S. overall.
See the table below for a regional comparison of home values in ZIP Code 02481.
| Home Value | ZIP 02481 | Massachusetts | U.S. |
|---|---|---|---|
| Less than $50,000 | 1.3% | 1.5% | 6.9% |
| $50,000 to $99,999 | 0.2% | 1.4% | 12.0% |
| $100,000 to $149,999 | 0.9% | 3.4% | 13.3% |
| $150,000 to $199,999 | 0.0% | 7.2% | 14.0% |
| $200,000 to $299,999 | 0.2% | 19.5% | 19.6% |
| $300,000 to $499,999 | 1.7% | 35.9% | 19.3% |
| $500,000 to $999,999 | 28.1% | 25.4% | 11.4% |
| $1,000,000 or more | 67.6% | 5.8% | 3.4% |
Approximately 39.8% of homes in this Wellesley Hills, MA region were built in 1939 or earlier. This amount of homes built in 1939 or earlier in ZIP Code 02481 is about 22% higher than percentage of homes built in this time period in Massachusetts overall (32.5% of homes), and is 216% higher the percentage (12.6% of homes) in the U.S. as a whole. Additionally, an esimated 16.0% of local homes were built in 1950 to 1959. On the other end of the scale, just 2.6% of homes in this Norfolk County ZIP Code were built in 1980 to 1989 in ZIP Code 02481. In comparison, 10.8% of homes in Massachusetts overall were built in 1980 to 1989, while 13.4% of all U.S. homes were built in this time period.
A detailed regional comparison of home ages in ZIP Code 02481.
| Year Built | ZIP 02481 | Massachusetts | U.S. |
|---|---|---|---|
| 2014 or later | 4.0% | 1.6% | 2.5% |
| 2010 to 2013 | 3.3% | 1.7% | 2.7% |
| 2000 to 2009 | 7.7% | 7.1% | 14.0% |
| 1990 to 1999 | 3.4% | 7.7% | 13.9% |
| 1980 to 1989 | 2.6% | 10.8% | 13.4% |
| 1970 to 1979 | 4.4% | 11.6% | 15.2% |
| 1960 to 1969 | 8.4% | 10.2% | 10.6% |
| 1950 to 1959 | 16.0% | 11.3% | 10.3% |
| 1940 to 1949 | 10.4% | 5.5% | 4.9% |
| 1939 or earlier | 39.8% | 32.5% | 12.6% |
See the chart below for details on the age of homes in ZIP Code 02481, Massachusetts, and also in the U.S. overall. Data here refers to years that homes were built.
Frequently asked questions about housing in this Wellesley Hills, MA ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 02481.
