02176 Melrose, MA has an impressive housing median value of $737,800 which is much higher than the US house median value of $338,100. The US 1 year house appreciation rate is 8.27%, however the 1 year appreciation rate in 02176 Melrose, MA is 5.64%. This indicates that although the housing prices are higher in 02176 Melrose, MA compared to the national average, the appreciation rate is slightly lower than the national average. Nevertheless, this still makes 02176 Melrose a desirable place to live due to its high median house prices and relatively low appreciation rate.
The median home cost in Melrose (zip 02176) is $737,800. Home appreciation the last 10 years has been 104.4%. Home Appreciation in Melrose (zip 02176) is up 10.6%.
Average Age of Homes
- The median age of Melrose (zip 02176) real estate is 78 years old
The Rental Market in Melrose (zip 02176)
- Renters make up 31.7% of the Melrose (zip 02176) population
- 0.0% of houses and apartments in Melrose (zip 02176), 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.