Housing & Real Estate — Melrose, Massachusetts
Overview
| Total Housing Units | 12,724 |
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| Occupied | 12,368 |
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| Vacant | 356 |
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| Owner-Occupied | 8,388 |
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| Renter-Occupied | 3,980 |
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| Median Home Value (Census) | $822,900 |
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| Estimated 2026 | ~$890,000 |
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| Median Rent | $1,933/mo |
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| Median Property Tax | $7,578/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
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| Home Affordability | N/A |
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| Rent as % of Income | N/A% |
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| Severely Rent-Burdened | 42.3% |
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Housing Age
| Built 2010 or later | 728 |
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| Built 2000-2009 | 405 |
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| Built 1990-1999 | 273 |
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| Built before 1960 | 8,954 |
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| Median Year Built | 1938 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
