Melrose Massachusetts Real Estate
Melrose, Massachusetts, is located in Middlesex County, 1 miles N of Malden, Massachusetts and 8 miles N of Boston, Massachusetts. Melrose has a population of 27,134.
Melrose Homes
Melrose properties pool is 10,982 residential properties including Melrose new homes. Median age of real estate in Melrose is 1939. Average Household size is 3.08 people. 4% are one bedroom homes, 16% are 2 bedroom homes, 48% are 3 bedroom homes, 25% are 4 bedroom homes, and 8% are 5+ bedroom homes.
Melrose Mortgage Statistics
Melrose mortgages vs. USA median statistics
| Homes |
Melrose |
USA |
| Homes With No Mortgage |
28% |
30% |
| Homes With Mortgage |
72% |
70% |
| First Mortgage Only |
55% |
54% |
| First & Second Mortgage or HELOC |
18% |
16% |
Melrose Area Real Estate Tax
Melrose Real estate Tax: Median Real Estate Taxes (2000) were $3,079 comparing to 1999 Median Family income $ 78,144. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).
Melrose School District: Children make up 22% of Melrose population. Melrose has 5,969 under 18 years old residents, or 0.41 kids per one worker, or 0.54 kids per one household.
Melrose Real Estate & Melrose Homeownership
There are 3294.6 or 30% one person households, 3404.42 or 31% two person households, and 1757.12 or 16% three person households in Melrose, Massachusetts. Median residents age is 39.4, Senior citizens (65+) make up 4,433 or 16.3%% of Melrose population.
There are 14,524 workers (over 16 years of age) in Melrose. Of these, 78.59% drive to work. Approximately 14.69% of workers in Melrose take public transportation. An estimated 3.3% walk to work.
Median Melrose homeowner's housing expences are 19.5%
Crime in Melrose (2003), crimes per 10,000 residents per year
| Type of Crime |
Melrose |
USA, 2003 |
| Violent Crimes |
NaN |
47.5 |
| Robberies |
NaN |
14.2 |
| Aggravated Assaults |
NaN |
29.5 |
| Property Crimes |
NaN |
358.8 |
| Burglaries |
NaN |
74.0 |
| Larceny-Thefts |
NaN |
241.5 |
| Motor Vehicle Thefts |
NaN |
43.3 |
Invest in Melrose Properties
When making a decision about buying real estate in Melrose Massachusetts area, you should consider following statistical data:
| Category |
Melrose |
USA |
| Near Medium City |
Malden, Massachusetts |
- |
| Near Large City |
Boston, Massachusetts |
- |
| Melrose Zip Codes |
02176 |
- |
| Melrose Area Codes |
781 |
- |
| White population |
95.16% |
75.1% |
| African-American population |
0.94% |
12.3% |
| Asian |
2.01% |
3.6% |
| American Indian & Alaskan |
0.1% |
0.9% |
| Hispanic (of any race) |
1.04% |
12.5% |
| Median Family Income (1999) |
$ 78,144% |
$42,000 |
| Population Below Poverty Level |
3.31% |
12.4% |
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