Walpole, MA
Population 5,989 · Massachusetts
About Walpole, MA
Walpole is a small town located in Massachusetts with a population of 5,989 residents according to the latest US Census Bureau American Community Survey data. The median household income is $132,411 per year, which is 76% above the national median of $75,149. The median age of 47 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Walpole features a median home value of $572,000, which is 134% above the national median of $244,900. This places Walpole in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,952, 68% above the national average of $1,163/month. Of the 2,695 total housing units, 82% are owner-occupied (2,112 units) and 18% are renter-occupied (472 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Walpole shows an unemployment rate of 3.9%, which is near the national rate of 3.7%. The poverty rate stands at 5.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Walpole have an average one-way commute time of 35 minutes.
Education & Demographics
62.3% of Walpole residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.8% White, 0.6% Hispanic or Latino, 0.0% Black or African American, and 2.7% Asian residents, with 9.3% of the population being foreign-born.
How Walpole Ranks in Massachusetts
Cost of Living in Walpole, MA
Compared to national averages, Walpole has a median household income of $132,411 (76% above the national median of $75,149). Home values average $572,000, which is 134% above the national median. Monthly rent at $1,952 is 68% above the US average of $1,163. Within Massachusetts, Walpole's income is 25% above the state average of $105,630, and home values are 2% above the state median of $561,296.
Why Live in Walpole, MA?
Walpole offers a strong local economy with a median household income of $132,411, well above the national average, and a well-educated community where 62.3% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.9%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $572,000. However, Walpole’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Walpole has a population of 5,989 with a median age of 47 years. Compare Walpole with other cities to see how it stacks up, or explore all cities in Massachusetts.
Similar Cities Near Walpole
Cities in Massachusetts with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| West Concord | 5,997 | $178,979 | $881,800 | Compare |
| Sharon | 6,022 | $183,239 | $614,300 | Compare |
| Yarmouth Port | 5,825 | $108,563 | $542,600 | Compare |
| North Scituate | 6,163 | $136,852 | $771,000 | Compare |
| Salisbury | 5,735 | $93,052 | $441,500 | Compare |
| Ware | 5,723 | $52,039 | $229,700 | Compare |
| East Harwich | 5,670 | $108,157 | $585,400 | Compare |
| Bliss Corner | 5,666 | $73,919 | $430,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Massachusetts
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Walpole With Other Cities
Frequently Asked Questions about Walpole
What is the population of Walpole, MA?
The population of Walpole, MA is 5,989 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Massachusetts.
What is the median household income in Walpole?
The median household income in Walpole, MA is $132,411 per year, which is 76% above the national median of $75,149.
What is the median home value in Walpole?
The median home value in Walpole, MA is $572,000, which is 134% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Walpole?
The median monthly rent in Walpole, MA is $1,952, which is 68% above the national average of $1,163/month.
What is the unemployment rate in Walpole?
The unemployment rate in Walpole, MA is 3.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Walpole, MA a good place to live?
Walpole offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 5,989 and a median age of 47, the city appeals to established professionals and retirees.
How educated is Walpole, MA?
62.3% of residents in Walpole aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Walpole?
Key cost-of-living indicators for Walpole, MA: median home value is $572,000 (134% above national), median rent is $1,952/month, and median household income is $132,411. The home-value-to-income ratio is 4.3x, a moderate figure by national standards.
What is the poverty rate in Walpole?
The poverty rate in Walpole, MA is 5.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Walpole, MA?
Walpole's population is 0.8% White, 0.6% Hispanic or Latino, 0.0% Black or African American, 2.7% Asian, and 0.9% two or more races. 9.3% of residents are foreign-born.