ZIP Code · MA

ZIP 01880

Part of Wakefield, MA

Pop. 27,793·Middlesex County·73rd most expensive ZIP in Massachusetts

Median rent (all units)

$2,823/mo

Year-over-Year

+4.0%

Month-over-Month

+0.8%

vs US Median

+$891

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 01880 · $2,823

More expensive than 87% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$2,080

1 BR

$2,180

2 BR

$2,590

3 BR

$3,110

4 BR+

$3,430

Research median

$2,590/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 01880 is at its highest level since Zillow's records here began in October 2022.

Past year vs. the rest of Massachusetts

Rent in ZIP 01880 changed +4.0% over the year to September 2026. Across the 140 Massachusetts ZIP codes Zillow tracks, the typical change was +3.0%.

Recent direction

Rent has risen 3 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($134,306) is $3,358 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($3,110); a 4-bedroom is $3,430.

Cheaper nearby

ZIP 01902, 7 miles away, rents for 18% less ($2,302/mo), about $6,300 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 01880. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$33,876/yr

At $2,823/mo median

Location

CityWakefield

StateMA

CountyMiddlesex County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.0% YoY, +0.8% MoM), not inventory.

Demographics

Who lives here

ZIP 01880 (Wakefield, MA) is majority owner-occupied, has a median income above the national average, 59.7% of residents hold a bachelor's degree or higher.

Population

27,793

Median income

$134,306

Median age

42.4

Renters

29.3%

Age distribution

20%

19.5%

27.3%

14.3%

19%

Under 1820%

18–3419.5%

35–5427.3%

55–6414.3%

65+19%

Gender

50.1%

49.9%

Male50.1%

Female49.9%

Race & ethnicity

86.6%

White86.6%

Black0.7%

Hispanic2.7%

Asian5.7%

Other4.2%

Education (25+)

20.2%

16.5%

59.7%

No HS diploma3.6%

HS diploma20.2%

Some college16.5%

Bachelor's+59.7%

Housing tenure

70.7%

29.3%

Owner70.7%

Renter29.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How ZIP 01880 in Wakefield, MA has changed in 5 years

Rent

$2,520 → $2,823

up 12.0%

Income

$110,878 → $134,306

up 21.1%

Population

27,179 → 27,793

up 2.3%

Renter share

27.6% → 29.3%

+1.7 pts

Bachelor's+

54.8% → 59.7%

+4.9 pts

Median age

43.7 → 42.4

-1.3 yrs

Rent in ZIP 01880 in Wakefield, MA has increased 12.0% since 2023, going from about $2,520 per month to roughly $2,823 today. On the earnings side, the typical household in ZIP 01880 in Wakefield, MA now reports about $134,306, up from $110,878 in 2021. Income growth outran rent by about 9.1 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 27,179 to 27,793 between 2021 and 2024, a 2.3% change. About 29.3% of households rent today, against 27.6% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 54.8% to 59.7%. For context, the 2023 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 01880 in Wakefield, MA reflects that arc in its own way.

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About renting in ZIP 01880

Last updated: October 17, 2026

ZIP code 01880 covers Wakefield, MA. The median rent here is $2,823/mo as of October 2026. A 1-bedroom rents for a median of $2,180/mo. A 2-bedroom rents for a median of $2,590/mo.

At 25% of local median household income ($134,306/yr), ZIP 01880 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 01880?

To keep rent at or below 30% of gross income, you would need to earn at least $113,000/year (about $54/hour full-time) to afford the median rent of $2,823/mo in ZIP 01880. The local median household income is $134,306/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 01880?

Rent in ZIP 01880 has risen 4.0% over the past year as of September 2026. That is the highest level since Zillow's records here began in October 2022.

How does ZIP 01880 compare to other ZIPs in Massachusetts?

ZIP 01880 is in the middle among Massachusetts ZIP codes for rent, ranking #73 of 164 at $2,823/mo. Over the year to September 2026, rent in ZIP 01880 changed +4.0%, against a typical +3.0% across the 140 Massachusetts ZIP codes Zillow tracks.