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Wakefield

29 min to Boston
"North of Boston value with surprisingly good schools"
Median Price
$775,000
$425/sqft
School Rating
7.5/10
Good
Appreciation
3.6%
per year
Commute
29 min
to downtown

Financing Considerations

Properties in Wakefield typically typically qualify for conforming loans with more flexible underwriting standards.

Learn about loan thresholds, property condition impact, flood/wind insurance, and how vintage homes (common in many MA towns) affect mortgage approval.

✨The Vibe

Family-focused North Shore suburb with Lake Quannapowitt as centerpiece. Good schools, walkable downtown, and solid value for families who want space without breaking the bank.

What It's Really Like

Wakefield wraps around beautiful Lake Quannapowitt—think walking paths, swans, and family-friendly vibes. It's the affordable alternative to Winchester with better schools than you'd expect.

Best For

  • ✓Families seeking value with good schools
  • ✓Those who love outdoor recreation (lake)
  • ✓First-time buyers stepping up from Malden/Medford
  • ✓Commuter rail users heading to North Station

Avoid If

  • ✗You need quick Boston access
  • ✗You want prestige or luxury
  • ✗You prefer coastal over lake living

🌟Highlights

🏞️Lake Quannapowitt with 5-mile walking path
🏫Better schools than price suggests (7.5/10)
🚆Commuter rail to North Station
💰Good value at $775K median

Insider Tips

  • 💡Lake Quannapowitt is the social center—everyone walks it
  • 💡Downtown has a surprising food scene
  • 💡North Side vs. South Side matters for neighborhood character

Demographics

Population
27,000
Median Age
41
Median Income
$125,000
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Similar Neighborhoods

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🚇

Brookline

$1,025,000

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🎨

Somerville

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