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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.90% |
| One Bedroom | 19.90% |
| Two Bedrooms | 21.10% |
| Three Bedrooms | 34.80% |
| Four Bedrooms | 17.30% |
| 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
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 5.30% |
| Home Equity Loan | 12.30% |
| Simple Mortgage | 54.40% |
| Debt Free | 27.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.5% |
