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Wakefield CDP, MA

ZIP 01880 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 01880

Median Home Value
$670,100
Median Rent
$1,747
Affordability Snapshot
$184,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,305/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.1x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

32.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 01880 in Wakefield CDP, 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.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
70.5%+8% vs US avg
x
Vacancy Rate
4.0%-61% vs US avg
x
Broadband Access
92.9%+7% vs US avg
x
4+ Bedrooms
5.0%-66% vs US avg
x
Built Pre-1939
7.8%-39% vs US avg
x
Built Post-2014
0.9%-88% vs US avg
x
Rent Burden >30%
22.6%-54% vs US avg
x
Mortgage-Free
25.3%-34% vs US avg
x
$670,100
Home Value
$1,747
Rent
1956
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached54.8%
  • 1-unit attached5.0%
  • 2-9 units25.4%
  • 10+ units14.7%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$670,100
Median rent$1,747
Owner-occupied70.5%
Vacant4.0%
Price-to-income5.1x
Est. income to buy$184,000