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.