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2025 Compare Cities Housing:
Paramus, NJ vs Melrose, MA

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Highlights
- The median age of a home in Paramus is 1.7% younger than the median age of a home in Melrose.
 Paramus, NJMelrose, MAUnited States
 Median Home Age60  Unlock42
 Median Home Cost  Unlock$784,900$338,100
 Home Appr. Last 12 months9.0%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock44.8%57.0%
 Home Appr. Last 10 yrs.52.1%  Unlock101.1%
 Property Tax Rate  Unlock$10.0$11.0
 Homes Owned76.6%  Unlock57.4%
 Housing Vacant  Unlock2.3%11.2%
 Homes Rented17.5%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 Paramus, NJMelrose, MAUnited States
 Average Rent  Unlock$2,990$1,840
 Studio Apartment$1,970  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$2,050$1,180
 2 Bedroom Home or Apartment$2,740  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$3,030$1,860
 4 Bedroom Home or Apartment$4,270  Unlock$2,160
 space1
 Vacant Housing
 Paramus, NJMelrose, MAUnited States
 Vacant For Rent  Unlock0.0%1.9%
 Vacant Rented0.0%  Unlock0.4%
 Vacant For Sale  Unlock0.1%0.7%
 Vacant Sold1.0%  Unlock0.4%
 Vacant Vacation  Unlock0.1%3.6%
 Vacant Other3.7%  Unlock4.1%
 space2
 Owner-Occupied Housing Value
 Paramus, NJMelrose, MAUnited States
 Less Than $20,000  Unlock0.3%2.6%
 $20,000 to $39,9990.0%  Unlock2.4%
 $40,000 to $59,999  Unlock0.0%2.8%
 $60,000 to $79,9990.1%  Unlock3.9%
 $80,000 to $99,999  Unlock0.0%4.5%
 $100,000 to $149,9990.5%  Unlock11.3%
 $150,000 to $199,999  Unlock0.4%13.0%
 $200,000 to $299,9992.4%  Unlock20.1%
 $300,000 to $399,999  Unlock6.0%13.6%
 $400,000 to $499,99911.0%  Unlock8.3%
 $500,000 to $749,999  Unlock47.7%9.7%
 $750,000 to $999,99914.2%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock3.4%2.2%
 $1,500,000 to $1,999,9990.5%  Unlock0.8%
 $2,000,000 and over  Unlock1.3%1.1%
 space3
 Housing Units By Year Built
 Paramus, NJMelrose, MAUnited States
 2015 and Newer0.1%  Unlock0.2%
 2010 to 2014  Unlock5.5%13.6%
 2000 to 20099.0%  Unlock13.6%
 1990 to 1999  Unlock1.8%13.6%
 1980 to 19895.1%  Unlock13.2%
 1970 to 1979  Unlock8.5%14.8%
 1960 to 19698.6%  Unlock13.6%
 1950 to 1959  Unlock13.0%10.0%
 1940 to 19499.0%  Unlock4.7%
 1939 or Earlier  Unlock51.7%12.2%
Transportation
Reviews for Paramus    2 Reviews
Bp · Paramus, NJ
Paramus School System
Over 16 years ago

My siblings and I are products of the Paramus Public School system and I am an attorney, my sister is a doctor and my brother is finishing his MBA. Many of my high  More

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Kimberly · Paramus, NJ
Quality of Life
Over 18 years ago

I have lived here most of my life and it is a fabulous place to live. Community oriented - great schools and great  More

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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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