HomeMassachusettsMiddlesex CountyWakefield
Wakefield, Massachusetts: commercial real estate data.
Wakefield is a Census CDP of 27,793 people across 7.39 square miles of land, in Middlesex County. Median household income is $134,306, 70.7 percent of occupied homes are owned, and the SBA record carries 82 7(a) approvals to borrowers here worth $23.3 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Wakefield
What Wakefield is
- Census place typeCDP
- Land area7.39 sq mi
- Water area0.6 sq mi
- Population per square mile of land3,759
- County holding the largest share of its areaMiddlesex County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wakefield
How many people live in Wakefield
- Population27,793
- Median age42.4
- Population under 185,551
- Share under 1820.0 percent
- Population 65 and over5,268
- Share 65 and over19.0 percent
- Households11,270
- Family households7,224
- Share of households that are families64.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wakefield
Income and work in Wakefield
- Median household income$134,306
- Per capita income$67,454
- Civilian labor force16,158
- Employed15,454
- Unemployed704 plus or minus 219
- Unemployment rate4.4 percent plus or minus 1.3
- Adults 25 and over20,625
- Adults 25 and over with a high school diploma or higher96.4 percent
- Adults 25 and over with a bachelor degree or higher59.7 percent
- Adults 25 and over with a graduate degree24.8 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wakefield
Housing in Wakefield
- Housing units11,750
- Occupied units11,270
- Vacant units480 plus or minus 236
- Vacancy rate4.1 percent plus or minus 2.0
- Owner occupied7,968
- Renter occupied3,302
- Ownership rate70.7 percent
- Median owner-occupied home value$723,500
- Median gross rent, monthly$1,958
- Annual rent as a share of median income17.5 percent
- Single family units6,887
- Share single family58.6 percent
- Units in buildings of two or more4,853
- Share in buildings of two or more41.3 percent
- Mobile homes10 plus or minus 17
- Median year structure built1956
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wakefield
How Wakefield gets to work
- Workers 16 and over who commute11,540
- Commuting under 15 minutes1,983
- Share commuting under 15 minutes17.2 percent
- Commuting 30 minutes or more5,953
- Share commuting 30 minutes or more51.6 percent
- Drove alone59.8 percent
- Carpooled6.8 percent plus or minus 2.0
- Public transport6.2 percent plus or minus 1.9
- Walked2.2 percent plus or minus 0.9
- Worked from home24.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wakefield
SBA loans in Wakefield (7(a))
- Approvals82
- Gross approval$23,277,800
- Average approval$283,876
- Median approval$125,000
- Ninetieth percentile approval$500,000
- Largest approval$4,975,000
- Jobs supported841
- Jobs per approval10.3
- Loans with a final outcome18
- Paid in full15
- Charged off3
- Median term120 months
- Share on real estate terms of 20 years or more3.7 percent
- Share to franchises6.1 percent
- Distinct lenders25
- Distinct industries by NAICS47
Counted by borrower city: approvals to borrowers whose address is in Wakefield, in any county, FY2020 to FY2026. Only 18 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Wakefield
SBA loans in Wakefield (504)
- Approvals6
- Gross approval$4,057,000
- Average approval$676,167
- Median approval$616,500
- Largest approval$1,441,000
- Jobs supported34
- Loans with a final outcome2
- Charged off0
- Median term300 months
- Distinct CDCs3
Counted by borrower city: approvals to borrowers whose address is in Wakefield, in any county, FY2010 to FY2026. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Wakefield
Flood risk in Wakefield
- NFIP communityTown of Wakefield
- NFIP community number250221
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date07/08/25
The Town of Wakefield participates in the National Flood Insurance Program as community 250221 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Middlesex County, not Wakefield
Middlesex County context, not Wakefield figures
- Establishments in Middlesex County44,624
- Covered employment, Middlesex County926,104
- Average annual pay, Middlesex County$113,704
- Housing units permitted, Middlesex County3,495
Every figure in this section is published for Middlesex County as a whole and is not a measurement of Wakefield.
All Middlesex County figures →
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Wakefield questions, answered from the record.
How many people live in Wakefield, Massachusetts?
27,793, in 11,270 households. Wakefield CDP covers 7.39 square miles of land, which is 3,759 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Wakefield in?
Middlesex County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Wakefield?
$134,306. The median owner-occupied home is valued at $723,500. Median gross rent is $1,958 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Wakefield businesses?
82 7(a) approvals totaling $23.3 m since FY2020, across 25 lenders, median approval $125,000, plus 6 504 approvals worth $4.1 m since FY2010. These count approvals to borrowers whose address is in Wakefield, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Wakefield borrowers get paid back?
No rate is published for Wakefield. Only 18 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Wakefield in the National Flood Insurance Program?
Yes. Wakefield appears in the FEMA Community Status Book as Wakefield, town of, community 250221, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Wakefield figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Middlesex County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Wakefield.
Is zoning published for Wakefield?
No. Nothing on this page presents parcel level zoning.
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