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 6 sales$1,101,000
Curated Median
6
Total Sales on Record
$845,000–1,550,000
Price Range
Under Median
$845,000
2 Glendower Rd, Melrose, MA 02176
3bd2ba2,330 sqft
$363/sqftInvalid Date
At Median
$950,000
50 Conrad Rd, Melrose, MA 02176
3bd3ba2,162 sqft
$439/sqftInvalid Date
At Median
$952,000
64 Heywood Ave, Melrose, MA 02176
4bd3ba2,228 sqft
$427/sqftInvalid Date
At Median
$1,250,000
105 Whitman Ave, Melrose, MA 02176
5bd4ba3,163 sqft
$395/sqftInvalid Date
At Median
$1,260,500
286 Porter St, Melrose, MA 02176
4bd5ba2,973 sqft
$424/sqftInvalid Date
Well Over Median
$1,550,000
228 Upham St, Melrose, MA 02176
7bd5ba6,639 sqft
$233/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