Melrose, MA Housing


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The housing in Melrose, MA is significantly higher than the national median value at $784,900. Despite this, the 1 year appreciation of 5.64%, while still lower than the US national average of 8.27%, suggests that the housing market in Melrose remains relatively stable. The median value for houses in this area continues to increase steadily despite a higher cost compared to other areas in the United States.

The median home cost in Melrose is $784,900. Home appreciation the last 10 years has been 104.4%. Home Appreciation in Melrose is up 10.6%.

Average Age of Homes
- The median age of Melrose real estate is 78 years old
The Rental Market in Melrose
- Renters make up 31.7% of the Melrose population
- 0.0% of houses and apartments in Melrose, are available to rent

DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

   Housing by Year Built

  HousingMelrose, MassachusettsUnited States
  12,276.0139,647,020.0
  6142
  $784,900$338,100
  10.6%16.6%
  44.8%57.0%
  104.4%101.1%
  $10.03$10.98
  $6,410$2,690
  65.0%57.4%
  2.3%11.2%
  32.7%31.4%
  Vacant Housing
  0.0%1.9%
  0.0%0.4%
  0.1%0.7%
  0.6%0.4%
  0.1%3.6%
  1.5%4.1%
  Value of Owner-Occupied Housing
  0.3%2.6%
  0.2%2.4%
  0.0%2.8%
  0.9%3.9%
  0.0%4.5%
  0.5%11.3%
  0.4%13.0%
  3.3%20.1%
  6.0%13.6%
  11.8%8.3%
  47.7%9.7%
  23.8%3.9%
  3.4%2.2%
  0.3%0.8%
  1.3%1.1%
  Housing Units by Year Structure Built
  0.1%0.2%
  5.5%13.6%
  5.5%13.6%
  1.8%13.6%
  3.4%13.2%
  8.5%14.8%
  1.8%13.6%
  13.0%10.0%
  6.0%4.7%
  51.7%12.2%
Reviews for Melrose
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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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