Median Price
$881,000
$477/sqft
Schools
8.1/10
Great
Appreciation
4.5/10
Growth Potential
Commute
22 min
to Boston
Live Market Snapshot
Loading…Recently Sold in Melrose
View all 14 sales$1,382,000
Curated Median
14
Total Sales on Record
$999,500–1,825,000
Price Range
Under Median
$1,090,000
2 Swains Pond Ave
4bd3ba2,883 sqft
$378/sqftInvalid Date
Under Median
$999,500
56 Orchard Ln
3bd2ba2,342 sqft
$427/sqftInvalid Date
At Median
$1,364,000
59 Beech Ave
5bd2ba2,123 sqft
$642/sqftInvalid Date
At Median
$1,202,500
115 Ellis Farm Ln
4bd3ba3,248 sqft
$370/sqftInvalid Date
At Median
$1,465,000
127 Larchmont Rd
4bd3ba5,020 sqft
$292/sqftInvalid Date
At Median
$1,191,000
389 Porter St
4bd2ba2,626 sqft
$454/sqftInvalid Date
What Drives Prices in Melrose
Full breakdownDecomposition of the $881,000 median price into its underlying components.
Land Value$120,602 (14%)
Structure & Quality$440,337 (50%)
School Premium$117,797 (13%)
Access & Commute Premium$122,173 (14%)
Prestige & Stability Premium$80,091 (9%)
920
School Value Score
1060
Overall Value Score
The Melrose Vibe
Charming Victorian village with walkable downtown, strong community identity, and excellent transit access. Family-friendly without being stuffy.
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.
Highlights
🚆 Commuter rail gets you downtown in 22 minutes
🏛️ Beautiful Victorian homes throughout
🛍️ Walkable downtown with local businesses
📈 Strong appreciation potential (4.5% annually)
Who It's For
✓ Great for
- •Commuter rail commuters who value character
- •Families wanting walkable downtown
- •Victorian home enthusiasts
- •Those seeking value near Boston
⚠ Consider elsewhere if
- •You need top-tier schools (they're good but not elite)
- •You want modern new construction
- •You prefer suburbs over small-city feel
Demographics
Population28,100
Median Age41
Median Household Income$129,000
Work from Home20.6%
Professional Sector63.3%
Insider Tips
- 1.West Side near Ell Pond is most desirable
- 2.Downtown has surprising restaurant scene
- 3.Victorian Architecture District is stunning