CALCMONEY // HOME AFFORDABILITY // MA // WELLESLEY
How much house can you afford in Wellesley? Based on local median home prices, current MA mortgage rates, and Wellesley property tax data.
$1,750,000
$11,601/mo
$497,169/yr
$903,268
Monthly housing costs of $11,601 represent 45.6% of Wellesley's median gross monthly income ($25,417/mo). At 45.6%, median-income buyers in Wellesley are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $1,750,000 |
| Down Payment (20%) | $350,000 |
| Loan Amount | $1,400,000 |
| Monthly PI Payment | $9,267 |
| Monthly Property Tax | $1,604 |
| Monthly Insurance Est. | $729 |
| Total Monthly PITI | $11,601 |
| Housing Cost % of Income | 45.6% |
| Required Income (28% rule) | $497,169/yr |
| Max Affordable Home | $903,268 |
$61,250
$14,708/mo
Wellesley Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $1,750,000 | Wellesley city median |
| Down Payment (20%) | $350,000 | Conventional loan |
| Monthly PITI | $11,601 | 6.95% rate, 30yr fixed |
| Required Income (28% rule) | $497,169 | Annual gross |
| Max Affordable Home | $903,268 | Based on median income |
| FHA Down (3.5%) | $61,250 | Minimum FHA |
| Housing Cost % of Income | 45.6% | Median income: $305,000/yr |
| Property Tax Rate | 1.1% | $19,250/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Wellesley is $1,750,000, with a local 30-year mortgage rate of 6.95%. A buyer putting 20% down carries a loan of $1,400,000, generating a monthly P&I payment of $9,267. Adding property taxes ($1,604/mo) and homeowners insurance ($729/mo) brings total monthly PITI to $11,601.
Wellesley's property tax rate of 1.1% is near the national average, adding a standard increment to monthly housing costs. On the Wellesley median home, that is $1,604/month, or $19,250 per year.
Massachusetts levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Wellesley should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Wellesley's median income of $305,000/year can afford up to $7,117/month in total housing costs. Based on Wellesley's mortgage rate of 6.95% and property tax rate of 1.1%, that translates to a maximum affordable home price of approximately $903,268 with 20% down on a 30-year loan.
To afford the median Wellesley home priced at $1,750,000, you need an annual gross income of approximately $497,169. Total monthly housing costs (principal and interest of $9,267, property taxes of $1,604, and insurance of $729) come to $11,601/month, which equals 28% of the required income.
At the median home price of $1,750,000 and median household income of $305,000, the total monthly housing cost of $11,601 represents 45.6% of gross monthly income. This is well above the standard 28% threshold, making Wellesley a challenging market for buyers at median income.
A conventional 20% down payment on the median Wellesley home of $1,750,000 is $350,000. An FHA loan requires just 3.5% down — $61,250 — but adds mortgage insurance of roughly $1,196/month, bringing total FHA payments to $14,708/month.
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