Wellesley is a town in Norfolk County, Massachusetts, United States. It is part of Greater Boston. It is best known as the home of Wellesley College, Babson College, and a campus of Massachusetts Bay Community College. Olin College, an engineering school, has a campus that spans from Needham, Massachusetts into Wellesley and is adjacent to Wellesley’s Babson College..
Wellesley was settled in the 1630s as part of Dedham, Massachusetts. It was subsequently a part of Needham, Massachusetts called West Needham. On Oct. 23, 1880, West Needham residents voted to secede from Needham and the town of Wellesley was later christened by the Massachusetts legislature on April 6, 1881. The town was named after the estate of local benefactor Horatio Hollis Hunnewell. According to the United States Census Bureau, the town has a total area of 10.49 square miles (27.2 km2).
The population was 27,982 at the 2010 United States Census, among which 82.4% were whites and 9.8% were Asians. The median age of the population is 38.2. The town is known for possessing the second greatest concentration of residents with advanced degrees in the country. For population 25 years and over in Wellesley, 75.9% has a bachelor’s degree or higher and 41.2% has a graduate or professional degree. The most common occupations for male are top executives (7%), other management occupations except farmers and farm managers (7%), sales representatives, services, wholesale and manufacturing (7%), business operations specialists (6%) and computer specialists (6%).
The median household income in Wellesley in 2009 was $133,359, and the median per capita income in 2009 was $64,732. The median Asian household income in Wellesley was $141,774 in 2009. 35% of Wellesley families had an annual income above $200,000, and 11% of families had an annual income between $150,000 to $200,000. The estimated median house or condo value in 2009 was $839,850. The criminal index in 2009 Wellesley was 54.7 (U.S. average: 319.1), which was pretty low.
According to the Massachusetts high school ranking conducted by Boston Magazine, Wellesley High School was ranked 5th within Massachusetts in 2012. The AP participation rate at Wellesley High School is 61 percent.The school system also contains a middle school and seven elementary schools (Bates, Upham, Schofield, Fiske, Hardy, Hunnewell, and Sprague.)
Wellesley has had rail service to Boston since 1833. These days rail service is provided through Wellesley’s participation in the MBTA, which offers a total of 17 weekday Commuter Rail trains inbound towards Boston & outbound towards Framingham & Worcester. Wellesley’s stations are (east to west) Wellesley Farms, Wellesley Hills and Wellesley Square. The Wellesley Farms station is listed on the U.S. National Register of Historic Places. MWRTA bus service also runs along Walnut Street, Cedar Street, and Route 9.
Each year the weekend before Memorial Day, The Town of Wellesley sponsors the annual Wellesley’s Wonderful Weekend which includes the annual Veterans’ Parade and Fireworks. The fireworks display is one of the most elaborate and spectacular shows that is done by local or town government in the United States. The Wellesley Symphony Orchestra presents classical, pops, and family concerts at Mass Bay Community College at its Wellesley Campus.
Please download May 2018 Wellesley Market Report provided by The Greater Boston Association of Realtors.