The Trends of Wakefield MA Real Estate
The Wakefield, Massachusetts area offers an abundance of rich history and natural beauty along with several types of houses and apartments with different styles and stories to make them unique. Explore the trends of this area so that you can discover for yourself what Wakefield real estate has in store for you.
Life in Wakefield
Those interested in Wakefield homes for sale will enjoy a town that features the natural beauty of Lake Quannapowitt as well as several parks, small rivers, creeks, and brooks. According to census data for 2010, Wakefield is comprised of mostly families and boasts many top-rated elementary schools, as well as two middle schools, a high school, and Northeastern Metropolitan Regional Vocational Technical School, making it a wonderful place to bring and/or raise children. The town also offers a plethora of educational experiences and areas of interests for those looking to settle in a small New England town.
The 2010 census tells us that the population of Wakefield is approximately 24,932 and that didn’t change much since the 2000 census that shows a population of 24,810. About half the town’s residents are married, and the median household income is around $86,000. The majority of the population is of Irish or Italian ancestry. The crime rates in Wakefield are among the lowest in Middlesex County. The average commute time for residents of Wakefield homes is 27 minutes, and there are ample travel outlets through I-93 and Route 128 as well as the Boston and Maine Railroad line.
Most of the Wakefield homes for sale are resale and not new as this is a town that boasts a lot of historical properties. Most homes list under $500,000 with a few Wakefield properties of architectural significance that list for twice that. However, the average listing prices have decreased in value 7-11% in recent months. Wakefield apartments are offered for rent at approximately $1200-1500 a month for a studio or one bedroom.