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ZIP Code · MA

ZIP 02481

Pop. 17,415·Norfolk County·14th most expensive ZIP in Massachusetts
Median rent (all units)
$3,658/mo
Year-over-Year
Stable
Month-over-Month
-6.3%
vs US Median
+$1,693
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 02481 · $3,658
More expensive than 96% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$3,230
1 BR
$3,390
2 BR
$4,030
3 BR
$4,830
4 BR+
$5,340
Research median
$4,030/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: July 20, 2026

Annual cost
$43,896/yr
At $3,658/mo median
Location
StateMA
CountyNorfolk County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -6.3% MoM), not inventory.
Demographics

Who lives here

ZIP 02481 (Wellesley, MA) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 90.6% of residents hold a bachelor's degree or higher.

Population
17,415
Median income
$250,001
Median age
36.7
Renters
12.7%
Age distribution
26.6%
21.8%
25.5%
14.5%
Under 1826.6%
18–3421.8%
35–5425.5%
55–6411.6%
65+14.5%
Gender
41.6%
58.4%
Male41.6%
Female58.4%
Race & ethnicity
70%
14.4%
White70%
Black2%
Hispanic7.3%
Asian14.4%
Other6.3%
Education (25+)
90.6%
No HS diploma1.1%
HS diploma2.6%
Some college5.7%
Bachelor's+90.6%
Housing tenure
87.3%
12.7%
Owner87.3%
Renter12.7%

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

2021 vs 2026

How ZIP 02481 in Wellesley, MA has changed in 5 years

Income
$249,375 → $250,001
up 0.3%
Population
16,997 → 17,415
up 2.5%
Renter share
12.4% → 12.7%
+0.3 pts
Bachelor's+
88.7% → 90.6%
+1.9 pts
Median age
33.2 → 36.7
+3.5 yrs

On the earnings side, the typical household in ZIP 02481 in Wellesley, MA now reports about $250,001, up from $249,375 in 2021. Headcount in the area went from 16,997 to 17,415 between 2021 and 2024, a 2.5% change.

Community

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Local insights

Tips for renters in ZIP 02481

About renting in ZIP 02481

Last updated: July 20, 2026

ZIP code 02481 covers Wellesley, MA. The median rent here is $3,658/mo as of July 2026. A 1-bedroom rents for a median of $3,390/mo. A 2-bedroom rents for a median of $4,030/mo.

At 18% of local median household income ($250,001/yr), ZIP 02481 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 02481?

As of July 20, 2026, the median monthly rent in ZIP 02481 (Wellesley, MA) is $3,658. This is based on aggregated data from public sources and community submissions.

How does ZIP 02481 rent compare to the US average?

ZIP 02481's median rent of $3,658/mo is $1,693 (86%) above the US national median of $1,965/mo.

How does ZIP 02481 compare to other ZIPs in Massachusetts?

ZIP 02481 is one of the pricier ZIP codes in Massachusetts, ranking #14 out of 168 ZIPs tracked at $3,658/mo.

How much income do you need to rent in ZIP 02481?

To keep rent at or below 30% of gross income, you would need to earn at least $146,000/year (~$70/hour full-time) to afford the median rent of $3,658/mo in ZIP 02481. The local median household income is $250,001/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 02481?

Rent in ZIP 02481 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 02481 an affordable place to rent?

ZIP 02481 is considered very affordable for renters. At $3,658/mo, rent takes approximately 18% of the local median household income ($250,001/yr). The standard benchmark is 30%. ZIP 02481 falls comfortably within that range.

What percentage of ZIP 02481 residents rent vs. own?

According to Census data, approximately 12.7% of ZIP 02481 households are renters, while 87.3% are owner-occupied. ZIP 02481 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 02481 compare to the rest of Wellesley?

ZIP 02481 is more affordable than Wellesley overall. At $3,658/mo, it's $210 below the Wellesley citywide median of $3,868/mo.

When was rent data for ZIP 02481 last updated?

Rent data for ZIP 02481 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
18%
VERY AFFORDABLE

At $3,658/mo, rent takes ~18% of ZIP 02481's median household income ($250,001/yr). The standard benchmark is 30%.

ZIP 02481 18%Benchmark 30%
State income tax5%
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Schools nearby

Public schools near ZIP 02481 (Wellesley, MA)

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