Located in the state of Massachusetts, Wellesley is a moderately-sized city with a population of 28,909 inhabitants. If we look at the most recent Census, Wellesley is known to have a predominantly White population. The next two most common races are Asian and Black. If finding a family friendly city is important to you, look no further. With more than 91% of the population considered married and 46% with kids under the age of 18, Wellesley could be considered a very suitable city for families.
Without the right tools, relocating to any new area can be very stressful and challenging. Living in Wellesley, Massachusetts could be a great experience for anyone who puts in the time to do the research required. Finding the best places to live in Wellesley and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, cost of living, weather, education, housing and other important metrics.
With a livability score of 78 out of 100, Wellesley is ranked #2,790 in the United States and #9 in Massachusetts. This is a terrific score, as Wellesley ranks well in multiple categories! Wellesley is also ranked in the top 10 percentile of all cities across the USA. If we examine each of the categories on their own, we see that Wellesley ranks well for amenities (A+), crime (A+), education (A+) and employment (A+). Wellesley does not fare well for the following: cost of living (F), weather (D) and housing (F). It might be a smart idea to take a closer look at each category to find out why.
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Wellesley, there is no shortage of amazing local amenities and interesting things to do.
Feeling a sense of safety in the area that you live in is a must for most people. Low crime rates can have a positive impact on things like home prices, home appreciation rates and the overall sense of community. Wellesley has a violent crime rate of 41 crimes per 100,000 residents which is far lower than the national average.
School test scores can be an important metric in deciding if the local area schools can provide a solid educational system for children. The schools in Wellesley have a test score average of 84%, which is well above the US average.
Being close to public transportation, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Wellesley. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Wellesley are affordable. The median home price for Wellesley homes is $980,400, which is 187.5% higher than the Massachusetts average. If we take a closer look at the affordability of homes in Wellesley, we’ll see that the home price to income ratio is 5.7, which is 18.8% higher than the Massachusetts average. Year over year appreciation rates for homes in the Wellesley area were 2.7% and the 5 year appreciation rates came in at 5.3%. Why is this important? Knowing the appreciation rates for any area is a quick and easy way to determine if you will see a solid return on your investment.