Home prices
Wellesley's median home value is $1,149,100. This is about $367,720 (47%) higher compared to other places in this area.It is roughly $931,600 (428%) higher in comparison to the rest of the country, and is about $616,400 (115%) higher compared to the city of Boston.
Rents
Wellesley's median rent is $1,938 a month. It is roughly $126 (6%) higher in comparison to nearby areas.It is about $876 (82%) higher in comparison to the nation as a whole, and is about $318 (19%) higher compared to the city of Boston.
Nearby places
Needham
Needham is Wellesley's neighbor to the southeast. Its real estate prices are a lot less expensive. The median home cost in Needham is $855,300, which is $293,800 (34%) lower than Wellesley. The rent there is a bit less expensive. In Needham the median rent is $1,483 a month, which is $455 (30%) lower than Wellesley.
Newton
Newton is Wellesley's neighbor to the northeast. Housing prices there are a bit less expensive. The cost of the median home in Newton is $914,700, which comes out to $234,400 (25%) lower than Wellesley. Its rents are fairly similar. Newton's median rent is $1,940 per month, which is very similar to Wellesley.
Cochituate
Cochituate is roughly 3 miles northwest of Wellesley. The real estate prices there are substantially less expensive. The median home in Cochituate is valued at $648,600, which is $500,500 (77%) lower than Wellesley. Its rents are substantially less expensive. The median rent in Cochituate is $784 a month, which is $1,154 (147%) lower than Wellesley.
Dover
Dover is approximately 3 miles south from Wellesley. The real estate prices there are somewhat less expensive. The value of the median home in Dover is $951,800, which is $197,300 (20%) lower than Wellesley. Its rents are significantly more expensive. Dover's median rent is $3,125 a month, which comes out to $1,187 (37%) higher than Wellesley.
Waltham
Waltham is about 5 miles north from Wellesley. Its housing prices are substantially less expensive. The median home in Waltham is valued at $536,500, which works out to $612,600 (114%) lower than Wellesley. The rent there is a little less expensive. In Waltham the median rent is $1,726 a month, which is $212 (12%) lower than Wellesley.
