Melrose Real Estate Market Overview

Could Melrose, MA be your next home? Kick-start your search with Trulia’s real estate guide and home search. With interactive maps and charts, Trulia provides a comprehensive overview of market trends, schools, demographics, and lifestyle data to help you learn all about Melrose. Not sure which neighborhood is for you? Check out our Nearby Places section below to explore popular cities near Melrose such as Stoneham... and Wakefield. When you’re ready, Trulia has 8 resale and new homes in Melrose lined up for you, including open houses, and homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. View more

$584,375

Median Sales Price

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$345

Price Per Sqft

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$2,300

Median Rent Per Month

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Housing Market Trends

Market trends help you understand the movement of key price indicators. Trends in Melrose show a 19% year-over-year rise in median sales price and a -4% drop in median rent per month.

Median Sales Price
The median sales price for homes in Melrose for May 24 to Aug 23 was $584,375 based on 97 home sales.
Price Per Square Ft.
Average price per square foot for Melrose was $345, an increase of 6% compared to the same period last year.
Median Rent Per Month
The median rent per month for apartments in Melrose for Jul 24 to Aug 24 was $2,300.

Crime

Most frequent crimes in the past year

Knowing more about crime activity in and around Melrose can help keep you aware of crime in the area. Crime activity is most helpful when comparing two locations to understand the relative safety of each location.

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252

Counts of Theft

68

Counts of Vandalism

46

Counts of Burglary


Best Schools in Melrose

There are 10 schools in Melrose.

Elementary Schools
8

Hoover Elementary School

Public, K-5

7

Roosevelt Elementary School

Public, K-5

7

Winthrop Elementary School

Public, K-5

Middle Schools
7

Melrose Middle School

Public, 6-8

N/A

St Mary's School

Private, PK-8

N/A

St Mary's School

Private, PK-8

High Schools
7

Melrose High School

Public, 9-12


Demographics

Get to know your neighbors in Melrose by reviewing our census driven map. Get insights into median age, how many people are married, and percentage of people with a college degree.

Single residents
28%
Single residents
Home owners
76%
Home owners
Median age
42
Median age
Household income
$93,250
Median household income
College educated
62%
College educated

Commute

Most people in Melrose commute by car. Learn how neighbors in this area get to work so you can consider how you might commute if you lived here, too.

Commute Type
76% commute by car
0% commute by bike
21% commute by public transportation
0% commute by foot

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