Biggest property value increases seen in east and south Wayland

Residential property values in Wayland rose broadly in the town’s FY2026 proposed assessments, with the largest dollar increases concentrated in areas generally east and south of the Town Building, according to an analysis of calendar-year sales data and the town’s FY2025 and FY2026 valuation files. The data indicates that the proposed assessments reflect townwide appreciation supported by recent sales activity, with higher-priced areas seeing larger dollar increases but similar percentage changes. As in prior years, individual tax bills will ultimately depend on how a property’s assessment change compares with the townwide average and on the final tax rate adopted by Town Meeting.
For this analysis, residential streets were grouped based on their general location relative to the Wayland Town Building at 41 Cochituate Road. Sales from calendar years 2023 and 2024 were then matched to FY2025 and FY2026 assessed values to evaluate how market activity translated into proposed assessment changes.
Homes located primarily east of the Town Building recorded both the highest median sale prices and the largest median dollar increases in assessed value. The median sale price in these areas was approximately $1.54 million, and the median increase in assessed value from FY2025 to FY2026 was about $106,000, representing a median increase of roughly 7.4%.
Homes located primarily south of the Town Building posted the lowest median sale prices, at approximately $1.04 million, but experienced assessment increases comparable in magnitude to higher-priced areas. The median dollar increase in assessed value was about $103,000, also corresponding to a median increase of roughly 7.4%. This pattern suggests that while sale prices were lower on average, assessment growth closely tracked townwide valuation trends.
Areas generally north of the Town Building saw more moderate changes. The median sale price was about $1.21 million, while the median increase in assessed value was approximately $68,000, or about 7.0%. This represented the smallest median dollar increase among the geographic groupings used in the analysis.
Homes west of the Town Building had median sale prices of about $1.18 million and a median assessment increase of roughly $77,000, or about 7.3 percent, placing them in the middle of the range observed across town.
Across all areas of town, the percentage increases in assessed value were relatively tightly clustered, generally ranging between 7.0 and 7.4%. Differences were more pronounced in absolute dollar terms, reflecting underlying property values rather than sharply different rates of appreciation.
The analysis also identified a small number of properties with unusually large percentage or dollar increases. In most cases, these outliers coincided with major renovations, new construction, or prior assessments that lagged market value, rather than sudden neighborhood-wide shifts.
Looking ahead, early FY2027 projections show Wayland’s budget increasing by about 5% to 6%, with the tax levy rising by roughly 6.5% after factoring in newly approved debt service now incorporated into the budget. Based on those projections, the FY2027 residential tax rate is expected to remain relatively stable or edge modestly higher, plausibly landing in the range of about $15.50 to $15.90 per $1,000 of assessed value.