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2025 Compare Cities Housing:
Melrose, MA vs Cape Elizabeth, ME

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Highlights
- The median age of a home in Melrose is 11.5% older than the median age of a home in Cape Elizabeth.
 Melrose, MACape Elizabeth, MEUnited States
 Median Home Age61  Unlock42
 Median Home Cost  Unlock$750,500$338,100
 Home Appr. Last 12 months10.6%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock74.4%57.0%
 Home Appr. Last 10 yrs.104.4%  Unlock101.1%
 Property Tax Rate  Unlock$13.2$11.0
 Homes Owned65.0%  Unlock57.4%
 Housing Vacant  Unlock7.2%11.2%
 Homes Rented32.7%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 Melrose, MACape Elizabeth, MEUnited States
 Average Rent  Unlock$2,530$1,840
 Studio Apartment$1,880  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$1,580$1,180
 2 Bedroom Home or Apartment$2,490  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$2,570$1,860
 4 Bedroom Home or Apartment$3,340  Unlock$2,160
 space1
 Vacant Housing
 Melrose, MACape Elizabeth, MEUnited States
 Vacant For Rent  Unlock0.0%1.9%
 Vacant Rented0.0%  Unlock0.4%
 Vacant For Sale  Unlock0.6%0.7%
 Vacant Sold0.6%  Unlock0.4%
 Vacant Vacation  Unlock4.6%3.6%
 Vacant Other1.5%  Unlock4.1%
 space2
 Owner-Occupied Housing Value
 Melrose, MACape Elizabeth, MEUnited States
 Less Than $20,000  Unlock0.0%2.6%
 $20,000 to $39,9990.2%  Unlock2.4%
 $40,000 to $59,999  Unlock0.3%2.8%
 $60,000 to $79,9990.9%  Unlock3.9%
 $80,000 to $99,999  Unlock0.0%4.5%
 $100,000 to $149,9990.5%  Unlock11.3%
 $150,000 to $199,999  Unlock0.5%13.0%
 $200,000 to $299,9993.3%  Unlock20.1%
 $300,000 to $399,999  Unlock16.4%13.6%
 $400,000 to $499,99911.8%  Unlock8.3%
 $500,000 to $749,999  Unlock32.8%9.7%
 $750,000 to $999,99923.8%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock4.6%2.2%
 $1,500,000 to $1,999,9990.3%  Unlock0.8%
 $2,000,000 and over  Unlock1.2%1.1%
 space3
 Housing Units By Year Built
 Melrose, MACape Elizabeth, MEUnited States
 2015 and Newer0.1%  Unlock0.2%
 2010 to 2014  Unlock6.6%13.6%
 2000 to 20095.5%  Unlock13.6%
 1990 to 1999  Unlock8.9%13.6%
 1980 to 19893.4%  Unlock13.2%
 1970 to 1979  Unlock13.3%14.8%
 1960 to 19691.8%  Unlock13.6%
 1950 to 1959  Unlock8.8%10.0%
 1940 to 19496.0%  Unlock4.7%
 1939 or Earlier  Unlock22.5%12.2%
Transportation
Reviews for Melrose    1 Reviews
Roy · Framingham, MA
great community
Over 12 years ago

Melrose is located a mere 7 miles from Boston and is only one of four cities in MA without a major road traversing, there are three commuter rail stops. It's filled  More

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Reviews for Cape Elizabeth    2 Reviews
Cassandra · Cape Elizabeth, ME
Town of Many Resources and Beautiful Landscapes
Over 13 years ago

Cape Elizabeth is a lovely town, right on the Maine shoreline, and just outside the city of Portland. If you love nature and the outdoors, you will love Cape Elizabeth.  More

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Cassandra · Cape Elizabeth, ME
Cape Elizabeth
Over 13 years ago

Moved to CE in 2007 and find it to be very beautiful seacoast town that includes farms, Maine coast views, great seafood and local produce, and a homey feel. The local  More

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Learn More About Melrose, Massachusetts
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