Median home value is about $670,100 — about 93% above the U.S. median home value ($348,079).
Housing tenure and rents show median gross rent around $1,747 (about 50% above the U.S. median rent ($1,163)), and owner-occupancy near 70.5% (about 5.1 points above the national owner-occupancy rate (65.4%)).
To comfortably buy a median-priced home in ZIP 01880 in Wakefield, MA, a household would need roughly $184,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $4,305. That is about 41% above the local median household income ($130,419), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.