Wayland home values

Wayland
Providence, Rhode Island · Neighborhood report
Median value $301K · ZIP 02901 · Values through Aug 2026

Wayland at a glance

  • Wayland shares ZIP-level data with nearby ZIPs in Providence: median value $300,500, median rent $1,287/month.
Value score

Wayland home value score

4.7
Value Score / 10
Census-based
from local value, rent & income

In nearby ZIPs in Providence, rents are moderate relative to prices, and homes are moderately priced against local incomes.

How the Value Score is built

Rental yield3.1 / 10
Gross annual rent as a share of home value — 5.1% here. Higher means stronger cash flow.
Affordability6.4 / 10
Home value versus local income — 4.9× here. Lower is more affordable.

Computed figures

5.1%
Gross rental yield
4.9×
Price-to-income
−12%
Value vs U.S.

A transparent value snapshot — this ZIP has no ACS figures yet, so it uses nearby ZIPs in Providence (U.S. Census ACS 2023): home value, gross rent and household income. It is not a market-timing or appreciation forecast.

Buying vs renting

What it costs to buy a home in Wayland

$301K
Typical price
$60K
Down payment (20%)
$1,519
Monthly P&I
$1,287
Median rent

At the typical value of $300,500, a buyer putting 20% down ($60,100) and financing the rest at 6.5% over 30 years would pay about $1,519 a month in principal and interest — 30% of the median household income here. That is above the common 28% guideline but under 36%, so budgets are stretched but workable for a median earner. The median rent is $1,287/month, so owning costs roughly 18% more per month than renting, before taxes, insurance and upkeep — the trade-off is building equity.

Estimate only: excludes property tax, insurance, HOA and PMI, which vary by property. Incomes and rents are the latest Census (ACS 2023) figures. Run your own numbers in the estimator below.

Take-aways

What this means for buyers, sellers and investors in Wayland

Buyers

At 4.9× local income, prices are moderate — compare a few nearby areas before committing.

Sellers

Typical values here are 12% below the U.S. median; get a home-specific estimate before you list — condition and size move the number more than the area average.

Investors

A gross rental yield of 5.1% is middling — returns depend on buying below the typical price or adding value.

Nearby

Other neighborhoods in Providence

NameHome value1-yrIncomeRentPrice / income
Charles city data—————
College Hill city data—————
Downtown (Downcity) city data—————
Elmhurst—————
Federal Hill—————
Fox Point city data—————
Hope—————
Jewelry District$366K−0.5%$63K$1,6405.8×
Manton ZIP 02909 · shared$284K+2.5%$64K$1,2584.4×
Mount Hope—————
Mount Pleasant ZIP 02909 · shared$284K+2.5%$64K$1,2584.4×
Olneyville ZIP 02909 · shared$284K+2.5%$64K$1,2584.4×
Silver Lake ZIP 02909 · shared$284K+2.5%$64K$1,2584.4×
Smith Hill—————
South Elmwood city data—————
Valley$301K+1.0%$46K$1,1186.5×
Wanskuck$302K+2.1%$65K$1,2174.7×
Washington Park city data—————
Wayland city data—————
West End city data—————

Home value, income and rent: Census ACS medians; 1-yr: Zillow ZHVI change over 12 months. Tap a column heading to sort.

Your home

What’s your Wayland home worth?

Just lookingColdReady to sell

Estimates are informational only and are not an appraisal.

Methodology

About this data

Data last updated: September 2026.

Current values and trends use the Zillow Home Value Index (ZHVI) — the typical value of mid-tier homes, smoothed and seasonally adjusted — through Aug 2026. It is refreshed monthly.

Median values, incomes, rents, housing stock and commutes come from the U.S. Census Bureau’s American Community Survey (ACS) 5-year estimates at ZIP Code Tabulation Area level. City and state figures are population-weighted averages of their ZIPs.

The Value Score (0–10) blends gross rental yield and price-to-income affordability. It is a value snapshot, not a forecast.

Mortgage figures assume 20% down and a 6.5% fixed 30-year loan, principal and interest only.

These are area-level statistics, not an appraisal of any individual property, and not financial advice.

Sources: U.S. Census ACS · Zillow ZHVI.