A+
225%
Med. Home Val. NAT. AVG.
73%
Rent NAT. AVG.
5%
Owner Occ. NAT. AVG.
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Melrose Housing Information

IndexMelroseMassachusettsNational
Median home price$599,600$341,000$184,700
Median rent asked$1,638$1,129$949
Avg. people per household2.32.52.6
Owner occupied households66.9%62.1%63.6%
Renter occupied households33.1%37.9%36.4%
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Housing Quick Facts

  • The median home price in Melrose is 225% higher than the national average.
  • The median rent asked in Melrose is 73% higher than the national average.
  • The average number of people per household in Melrose is 12% lower than the national average.
  • The number of owner occupied households in Melrose is 5% higher than the national average.
  • The number of renter occupied households in Melrose is 9% lower than the national average.

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      Nearby cities with low home prices

       PopulationHome PriceNational Avg.
      Hanscom AFB, MA2,119$0100%
      Lowell, MA111,311$285,20054%
      Lynn, MA94,201$354,40092%
      Chelsea, MA39,878$369,900100%
      Salem, MA43,350$379,400105%
      Melrose, MA28,054$599,600225%

      Cities with similar population

       PopulationHome PriceNational Avg.
      Saratoga Springs, NY28,056$360,00095%
      Immokalee, FL28,060$138,00025%
      Bethany, OR28,047$572,200210%
      East Chicago, IN28,044$73,10060%
      Zionsville, IN28,035$406,800120%
      Melrose, MA28,054$599,600225%
      Source: The Melrose, MA housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS).