Melrose, MA Real Estate
According to census data in the year 2000 there were 11,248 housing units in Melrose.
This represents a 0.4% decline from 11,297 in 1990.
Of those housing units, 11,248 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Melrose is about 67.1%.
Melrose's vacancy rate, including seasonal lodging, is about 2.4%.
Average household size is 2.44 people.
The majority of houses, apartments or condos in Melrose were built after 1939.
|Housing Units by Size|
|Five Bedrooms or more||5%|
Owned Homes, Apartments and Condos
|Average Household Size||2.76|
|Median year structure was built||1939|
|Median Value of occupied units||$254,400|
|Median Price asked for vacant units||$225,000|
Rented Homes, Apartments and Condos
|Average Household Size||1.79|
|Median year structure was built||1950|
|Median Monthly Rent asked for vacant units||$888|
Owners Finance Status
|Second Mortgage & Equity Loan||0.40%|
|Home Equity Loan||12.30%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||19.5%|