BPN

🏡

Melrose

22 min to Boston
"Victorian village charm with Orange Line proximity and city convenience"
Median Price
$825,000
$490/sqft
School Rating
8/10
Great
Appreciation
4.5%
per year
Commute
22 min
to downtown

Financing Considerations

Properties in Melrose typically may qualify for high-balance conforming loans, though jumbo financing might be needed depending on exact property price.

Learn about loan thresholds, property condition impact, flood/wind insurance, and how vintage homes (common in many MA towns) affect mortgage approval.

✨The Vibe

Charming Victorian village with walkable downtown, strong community identity, and excellent transit access. Family-friendly without being stuffy.

What It's Really Like

Melrose has that rare combination—Victorian charm, walkable downtown, strong schools, and you're 22 minutes to Boston. It's what Somerville was before everyone discovered it.

Best For

  • ✓Commuter rail commuters who value character
  • ✓Families wanting walkable downtown
  • ✓Victorian home enthusiasts
  • ✓Those seeking value near Boston

Avoid If

  • ✗You need top-tier schools (they're good but not elite)
  • ✗You want modern new construction
  • ✗You prefer suburbs over small-city feel

🌟Highlights

🚆Commuter rail gets you downtown in 22 minutes
🏛️Beautiful Victorian homes throughout
🛍️Walkable downtown with local businesses
📈Strong appreciation potential (4.5% annually)

Insider Tips

  • 💡West Side near Ell Pond is most desirable
  • 💡Downtown has surprising restaurant scene
  • 💡Victorian Architecture District is stunning

Demographics

Population
28,100
Median Age
41
Median Income
$129,000
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Similar Neighborhoods

🎓

Cambridge

$1,039,750

"Where MIT nerds and Harvard snobs reluctantly share coffee shops"

🚇

Brookline

$1,025,000

"Brooklyn of Boston but you'll pay Manhattan prices"

🎨

Somerville

$1,050,000

"Brooklyn of Boston but cheaper (for now)"

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