Market Overview
Home Prices in Wales, MA
The median home value in Wales, MA is $357,817 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.8% compared to a year ago and up 2.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Wales are priced13% below average. Wales is part of the Springfield, MA metro area.
Over the past five years, Wales home values have risen by approximately35.0%, reflecting strong long-term appreciation in this market.
Price History
Wales Home Price Trend
2020
$224,073
$224K
—
2021
$265,081
$265K
+18.3%
2022
$299,912
$300K
+13.1%
2023
$308,686
$309K
+2.9%
2024
$329,504
$330K
+6.7%
2025
$338,329
$338K
+2.7%
2026
$357,817
$358K
+5.8%
City Comparison
Wales vs. National Median
🏠 Wales
$357,817
National Median
$410,000
At $357,817, homes in Wales cost 13% below the national median of $410,000. This makes Wales a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Wales?
20% Down Payment
$71,563
on $357,817
Monthly P&I
$1,866/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,370/mo
incl. taxes & insurance
Income Needed
$94,800
gross annual (30% rule)
10% Down Option
$35,782
+ PMI applies
Loan Amount (20% dn)
$286,254
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Wales, MA?
The median home value in Wales is $357,817 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.8% year-over-year.
How much have home prices changed in Wales?
Over the past year, home values in Wales have increased by 5.8%. Over five years, prices have risen approximately 35.0%.
How much do I need to earn to buy a home in Wales?
To comfortably afford the median home price of $357,817 with a 20% down payment ($71,563) at today's rates (6.8%), you'd need a gross annual income of approximately $94,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Wales compare to the national average home price?
The national median home value is approximately $410,000. At $357,817, homes in Wales are 13% below the national average.
What metro area is Wales part of?
Wales is part of the Springfield, MA metropolitan area. Home prices and market conditions can vary across the broader metro region.