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Melrose, MA Housing

 
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As of 2010-2014, median price of a house in Melrose is $423,500, which is higher than the state average of $329,900 and is much higher than the national average of $175,700. The Melrose median house value has grown by 66.47% since 2000. The growth rate for the price of a house in Melrose is lower than the state average rate of 77.65% and is higher than the national average rate of 46.91%. The median year that a house in Melrose was built is 1939, which is older than the median year for a house built in the state which is 1959 and is older than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 7,592 Owner Occupied Houses in Melrose, MA, #56
Melrose, MA
423,500 USD
Massachusetts
329,900 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #153
Melrose, MA
66.47%
Massachusetts
77.65%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Melrose, MAMassachusettsU.S.
Total Housing Units11,711, see rank, 100%2,816,875132,741,033
Occupied Housing Units11,304, 96.52%, see rank90.12%87.55%
Owner Occupied7,592, 64.83%, see rank56.12%56.34%
Renter Occupied3,712, 31.70%, see rank33.99%31.21%
Vacant Housing Units407, 3.48%, see rank9.88%12.45%
For Rent66, 0.56%, see rank1.67%2.34%
For Sale Only125, 1.07%, see rank0.74%1.20%
Rented or Sold, Not Occupied101, 0.86%, see rank0.77%0.92%
For Seasonal, Recreational, or Occasional Use15, 0.13%, see rank4.29%3.97%
For Migrant Workers0, 0.00%, see rank0.01%0.03%
Other Vacant100, 0.85%, see rank2.40%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #190
Melrose, MAMassachusettsU.S.
193919591976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Melrose, MA%MassachusettsU.S.
Owner-Occupied Units7,592100%1,580,93874,787,460
With a Mortgage5,40371.17%, see rank71.18%65.58%
Without a Mortgage2,18928.83%, see rank28.82%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Melrose, MA
2,342 USD
Massachusetts
2,095 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsMelrose, MA%MassachusettsU.S.
$299 or Less00.00%, see rank0.09%0.20%
$300 to $49900.00%, see rank0.49%1.59%
$500 to $699771.43%, see rank1.47%5.01%
$700 to $9991763.26%, see rank4.74%14.32%
$1,000 to $1,49961411.36%, see rank16.44%27.90%
$1,500 to $1,99995417.66%, see rank22.84%20.35%
$2,000 to $2,9992,40144.44%, see rank34.83%19.52%
$3,000 or More1,18121.86%, see rank19.10%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Melrose, MA
23.60% of the Total Income
Massachusetts
24.60% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Melrose, MA%MassachusettsU.S.
10% or Less3286.07%, see rank5.29%5.86%
10% to 20%1,58129.26%, see rank29.25%31.95%
20% to 30%1,73132.04%, see rank29.39%27.64%
30% to 40%93017.21%, see rank14.83%13.74%
40% or More83315.42%, see rank20.86%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Melrose, MA
864 USD
Massachusetts
707 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsMelrose, MA%MassachusettsU.S.
$199 or Less110.50%, see rank1.57%7.76%
$200 to $299431.96%, see rank2.45%14.70%
$300 to $4991547.04%, see rank16.27%34.63%
$500 to $69932414.80%, see rank28.91%21.16%
$700 or More1,65775.70%, see rank50.80%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Melrose, MA
14.30% of the Total Income
Massachusetts
14.90% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Melrose, MA%MassachusettsU.S.
10% or Less61328.00%, see rank31.52%40.19%
10% to 20%89941.07%, see rank31.52%31.47%
20% to 30%26211.97%, see rank14.65%12.24%
30% to 40%2099.55%, see rank7.86%5.64%
40% or More2069.41%, see rank13.41%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Melrose, MAMassachusettsU.S.
Total Housing Units11,711, 100%2,816,875132,741,033
1-unit, Detached6,455, 55.12%, see rank52.24%61.65%
1-unit, Attached402, 3.43%, see rank5.19%5.82%
2 Units1,200, 10.25%, see rank10.16%3.75%
3 or 4 Units660, 5.64%, see rank10.94%4.43%
5 to 9 Units353, 3.01%, see rank5.95%4.78%
10 or More Units2,641, 22.55%, see rank14.65%13.08%
Mobile Home, Boat, RV, Van, etc.0, 0.00%, see rank0.87%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Melrose, MAMassachusettsU.S.
Total Housing Units11,711, 100%2,816,875132,741,033
1 Room264, 2.25%, see rank2.33%1.95%
2 Rooms469, 4.00%, see rank3.02%2.48%
3 Rooms1,541, 13.16%, see rank10.03%9.13%
4 Rooms1,197, 10.22%, see rank15.77%16.60%
5 Rooms1,581, 13.50%, see rank18.26%20.41%
6 Rooms1,990, 16.99%, see rank17.63%18.06%
7 Rooms1,654, 14.12%, see rank12.23%12.27%
8 Rooms1,433, 12.24%, see rank9.28%8.48%
9 Rooms or More1,582, 13.51%, see rank11.45%10.60%
Median Rooms5.90, see rank5.505.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Melrose, MAMassachusettsU.S.
Total Housing Units11,711, 100%2,816,875132,741,033
No Bedroom292, 2.49%, see rank2.56%2.17%
1 Bedroom2,185, 18.66%, see rank14.08%11.16%
2 Bedrooms2,540, 21.69%, see rank28.19%26.69%
3 Bedrooms3,995, 34.11%, see rank34.72%39.70%
4 Bedrooms2,007, 17.14%, see rank16.00%16.05%
5 or More Bedrooms692, 5.91%, see rank4.45%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Melrose, MAMassachusettsU.S.
Total Housing Units11,304, 100%2,538,485116,211,092
Utility Gas6,201, 54.86%, see rank49.70%48.85%
Bottled, Tank, or LP Gas206, 1.82%, see rank2.86%4.86%
Electricity1,298, 11.48%, see rank14.23%36.68%
Fuel Oil, Kerosene, etc.3,530, 31.23%, see rank30.36%5.86%
Coal or Coke0, 0.00%, see rank0.13%0.12%
Wood15, 0.13%, see rank1.69%2.12%
Solar Energy0, 0.00%, see rank0.03%0.05%
Other Fuel13, 0.12%, see rank0.65%0.47%
No Fuel Used41, 0.36%, see rank0.35%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalMelrose, MAMassachusettsU.S.
Occupied Units Paying Rent3,621, 100%924,80939,201,928
$199 or Less91, 2.51%, see rank2.07%1.50%
$200 to $299175, 4.83%, see rank5.74%3.18%
$300 to $499298, 8.23%, see rank7.69%7.37%
$500 to $699269, 7.43%, see rank8.07%16.01%
$700 to $999674, 18.61%, see rank20.08%29.17%
$1,000 to $1,4991,143, 31.57%, see rank31.42%26.88%
$1,500 to $1,999685, 18.92%, see rank15.67%9.79%
$2,000 or More286, 7.90%, see rank9.27%6.10%
Median$1,118, see rank$1,088$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Melrose, MAMassachusettsU.S.
Occupied Housing Units11,304, 100%2,538,485116,211,092
No Vehicles Available939, 8.31%, see rank12.57%9.12%
1 Vehicles Available4,437, 39.25%, see rank36.07%33.80%
2 Vehicles Available4,379, 38.74%, see rank36.51%37.48%
3 or More Vehicles Available1,549, 13.70%, see rank14.84%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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