CALCMONEY // HOME AFFORDABILITY // MA // WELLESLEY HILLS
How much house can you afford in Wellesley Hills? Based on local median home prices, current MA mortgage rates, and Wellesley Hills property tax data.
$1,950,000
$12,926/mo
$553,988/yr
$1,007,129
Monthly housing costs of $12,926 represent 45.6% of Wellesley Hills's median gross monthly income ($28,333/mo). At 45.6%, median-income buyers in Wellesley Hills are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $1,950,000 |
| Down Payment (20%) | $390,000 |
| Loan Amount | $1,560,000 |
| Monthly PI Payment | $10,326 |
| Monthly Property Tax | $1,788 |
| Monthly Insurance Est. | $813 |
| Total Monthly PITI | $12,926 |
| Housing Cost % of Income | 45.6% |
| Required Income (28% rule) | $553,988/yr |
| Max Affordable Home | $1,007,129 |
$68,250
$16,389/mo
Wellesley Hills Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $1,950,000 | Wellesley Hills city median |
| Down Payment (20%) | $390,000 | Conventional loan |
| Monthly PITI | $12,926 | 6.95% rate, 30yr fixed |
| Required Income (28% rule) | $553,988 | Annual gross |
| Max Affordable Home | $1,007,129 | Based on median income |
| FHA Down (3.5%) | $68,250 | Minimum FHA |
| Housing Cost % of Income | 45.6% | Median income: $340,000/yr |
| Property Tax Rate | 1.1% | $21,450/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Wellesley Hills is $1,950,000, with a local 30-year mortgage rate of 6.95%. A buyer putting 20% down carries a loan of $1,560,000, generating a monthly P&I payment of $10,326. Adding property taxes ($1,788/mo) and homeowners insurance ($813/mo) brings total monthly PITI to $12,926.
Wellesley Hills's property tax rate of 1.1% is near the national average, adding a standard increment to monthly housing costs. On the Wellesley Hills median home, that is $1,788/month, or $21,450 per year.
Massachusetts levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Wellesley Hills 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 Hills's median income of $340,000/year can afford up to $7,933/month in total housing costs. Based on Wellesley Hills's mortgage rate of 6.95% and property tax rate of 1.1%, that translates to a maximum affordable home price of approximately $1,007,129 with 20% down on a 30-year loan.
To afford the median Wellesley Hills home priced at $1,950,000, you need an annual gross income of approximately $553,988. Total monthly housing costs (principal and interest of $10,326, property taxes of $1,788, and insurance of $813) come to $12,926/month, which equals 28% of the required income.
At the median home price of $1,950,000 and median household income of $340,000, the total monthly housing cost of $12,926 represents 45.6% of gross monthly income. This is well above the standard 28% threshold, making Wellesley Hills a challenging market for buyers at median income.
A conventional 20% down payment on the median Wellesley Hills home of $1,950,000 is $390,000. An FHA loan requires just 3.5% down — $68,250 — but adds mortgage insurance of roughly $1,333/month, bringing total FHA payments to $16,389/month.
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