Wellesley Hills, MA 02481 ZIP Code Profile

Related Place Profiles:
Wellesley, MA | Wellesley Hills, MA
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ZIP Code 02481: Basic Data & USPS Preferred City Name

Preferred Name, USPS
Wellesley Hills, MA 02481

Acceptable Alternative
Wellesley, MA 02481
Wellesley Hls, MA 02481

Not Acceptable, USPS
Wellesley Fms, MA 02481

  • ZIP Code Type: STANDARD
  • County: Norfolk County
  • Centroid: Latitude 42.316, Longitude -71.265
  • Time Zone: Eastern Time Zone (UTC -5 hours)
  • Observes DST: Yes
  • Businesses Addresses: 806
  • PO Box Addresses: 76
  • Residential Addresses: 5,096
    • Multi-Family Addresses: 298
    • Single Family Addresses: 4,798

The ZIP Code maps and database are updated 4 times per year.
Database updated: July 1, 2020, Maps updated: May 1, 2020.

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Wellesley Hills, MA 02481 Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 16,472 (100%)
Population in Households 14,926 (90.6%)
Population in Families 13,656 (82.9%)
Population in Group Quarters1 1,546 ( 9.4%)
Population Density 2,796
Diversity Index2 41
 
 

INCOME

Median Household Income $200,001
Average Household Income $278,153
% of Income for Mortgage4 27%
Per Capita Income $85,484
Wealth Index5 420
 

HOUSING

Total HU (Housing Units) 5,287 (100%)
Owner Occupied HU 4,257 (80.5%)
Renter Occupied HU 797 (15.1%)
Vacant Housing Units 233 ( 4.4%)
Median Home Value $1,270,469
Average Home Value $1,362,849
Housing Affordability Index3 92
 

HOUSEHOLDS

Total Households 5,054
Average Household Size 2.95
Family Households 4,067
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population 0.39% 0.22%
Households 0.35% 0.22%
Families 0.32% 0.19%
Median Household Income   0.0%
Per Capita Income   1.29%
Owner Occupied HU   0.28%

Wellesley Hills, MA 02481 - Peer Comparisons by Rank and Percentile

The table below compares 02481 to the other 518 ZIP Codes in Massachusetts by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 165 68th
Population Density # 128 75th
Median Household Income # 2 100th
Housing Affordability Index # 119 23rd
Per Capita Income # 19 97th
Diversity Index # 158 70th

Additional comparisons and rankings can be made with a VERY EASY TO USE Massachusetts Census Data Comparison Tool.


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