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2025 Compare Cities Housing:
Melrose, MA vs Peabody, MA

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Highlights
- The median age of a home in Melrose is 8.2% older than the median age of a home in Peabody.
 Melrose, MAPeabody, MAUnited States
 Median Home Age61  Unlock42
 Median Home Cost  Unlock$580,200$338,100
 Home Appr. Last 12 months10.6%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock51.0%57.0%
 Home Appr. Last 10 yrs.104.4%  Unlock101.1%
 Property Tax Rate  Unlock$9.9$11.0
 Homes Owned65.0%  Unlock57.4%
 Housing Vacant  Unlock3.1%11.2%
 Homes Rented32.7%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 Melrose, MAPeabody, MAUnited States
 Average Rent  Unlock$2,770$1,840
 Studio Apartment$1,880  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$1,900$1,180
 2 Bedroom Home or Apartment$2,490  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$2,810$1,860
 4 Bedroom Home or Apartment$3,340  Unlock$2,160
 space1
 Vacant Housing
 Melrose, MAPeabody, MAUnited States
 Vacant For Rent  Unlock0.7%1.9%
 Vacant Rented0.0%  Unlock0.4%
 Vacant For Sale  Unlock0.3%0.7%
 Vacant Sold0.6%  Unlock0.4%
 Vacant Vacation  Unlock0.4%3.6%
 Vacant Other1.5%  Unlock4.1%
 space2
 Owner-Occupied Housing Value
 Melrose, MAPeabody, MAUnited States
 Less Than $20,000  Unlock0.4%2.6%
 $20,000 to $39,9990.2%  Unlock2.4%
 $40,000 to $59,999  Unlock1.6%2.8%
 $60,000 to $79,9990.9%  Unlock3.9%
 $80,000 to $99,999  Unlock0.1%4.5%
 $100,000 to $149,9990.5%  Unlock11.3%
 $150,000 to $199,999  Unlock1.0%13.0%
 $200,000 to $299,9993.3%  Unlock20.1%
 $300,000 to $399,999  Unlock23.4%13.6%
 $400,000 to $499,99911.8%  Unlock8.3%
 $500,000 to $749,999  Unlock31.0%9.7%
 $750,000 to $999,99923.8%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock0.2%2.2%
 $1,500,000 to $1,999,9990.3%  Unlock0.8%
 $2,000,000 and over  Unlock0.3%1.1%
 space3
 Housing Units By Year Built
 Melrose, MAPeabody, MAUnited States
 2015 and Newer0.1%  Unlock0.2%
 2010 to 2014  Unlock12.3%13.6%
 2000 to 20095.5%  Unlock13.6%
 1990 to 1999  Unlock10.5%13.6%
 1980 to 19893.4%  Unlock13.2%
 1970 to 1979  Unlock6.9%14.8%
 1960 to 19691.8%  Unlock13.6%
 1950 to 1959  Unlock16.1%10.0%
 1940 to 19496.0%  Unlock4.7%
 1939 or Earlier  Unlock20.6%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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Learn More About Melrose, Massachusetts
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Learn More About Peabody, Massachusetts
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