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 Size

Housing Units by Size
Studio Type1.90%
One Bedroom19.90%
Two Bedrooms21.10%
Three Bedrooms34.80%
Four Bedrooms17.30%
Five Bedrooms or more5%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.76
Median year structure was built1939
Median Value of occupied units$254,400
Median Price asked for vacant units$225,000

Rented Homes, Apartments and Condos

Average Household Size1.79
Median year structure was built1950
Median Monthly Rent asked for vacant units$888

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage5.30%
Home Equity Loan12.30%
Simple Mortgage54.40%
Debt Free27.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.5%