House Prices

House Prices & Home Values Melrose, MA 2026


Average Data

average house price$651,038
average size per house1777 ft²
average price per ft²367 $ / ft²

05/23/2026 - The value range (VR) for house prices in Melrose, MA is $379/ sqft to $379/ sqft. An average home with 1777 sqft costs approximately $673,483 to $673,483. Melrose, MA includes 1 ZIP codes and it is located in Middlesex county. The lowest prices are found in ZIP 02176, while the highest are in ZIP 02176. The average price per sqare feet is $367. Our analysis is based on 528 property listings.

Avergage prices by ZIP codes Melrose

02176375 $ / ft²


House prices by neighborhoods in Melrose

Bellevue345 $ / ft²
Boston Rock371 $ / ft²
Cedar Park383 $ / ft²
Country Club412 $ / ft²
Downtown Melrose376 $ / ft²
East Side390 $ / ft²
Ell Pond395 $ / ft²
Hoover351 $ / ft²
Horace Mann398 $ / ft²
Lincoln355 $ / ft²
Melrose Common396 $ / ft²
Melrose Highlands352 $ / ft²
Mount Hood369 $ / ft²
Pine Banks399 $ / ft²
Roosevelt347 $ / ft²
Russell Park389 $ / ft²
Swains Pond349 $ / ft²
West Side361 $ / ft²
Winthrop383 $ / ft²
Wyoming401 $ / ft²
Wyoming Hill367 $ / ft²




Historical development of home values in Melrose

Year Estimated value (USD) Change vs. 2025
2010 $302,354 -53.6%
2011 $290,662 -55.4%
2012 $289,879 -55.5%
2013 $300,714 -53.8%
2014 $315,667 -51.5%
2015 $331,868 -49.0%
2016 $349,187 -46.4%
2017 $368,034 -43.5%
2018 $388,381 -40.3%
2019 $406,390 -37.6%
2020 $427,398 -34.4%
2021 $486,119 -25.3%
2022 $566,706 -13.0%
2023 $597,618 -8.2%
2024 $632,191 -2.9%
2025 $651,038 0.0%

Graph: estimated home values in Melrose over time (USD)



Example: 100% financing house in Melrose

Loan amount: $651,038

Interest rate: 6.00%

Fixed monthly payment: $3,903.30

Breakdown in the 1st month:
Interest portion: $3,255.19  –  Principal portion: $648.11

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $38,844.80 $7,994.82 $643,043.18
2 $38,351.69 $8,487.93 $634,555.25
3 $37,828.18 $9,011.44 $625,543.81
4 $37,272.37 $9,567.25 $615,976.56
5 $36,682.29 $10,157.34 $605,819.22
6 $36,055.80 $10,783.82 $595,035.41
7 $35,390.68 $11,448.94 $583,586.47
8 $34,684.54 $12,155.09 $571,431.38
9 $33,934.84 $12,904.79 $558,526.59
10 $33,138.90 $13,700.72 $544,825.87
11 $32,293.87 $14,545.75 $530,280.12
12 $31,396.72 $15,442.90 $514,837.21
13 $30,444.23 $16,395.39 $498,441.82
14 $29,433.00 $17,406.62 $481,035.20
15 $28,359.40 $18,480.22 $462,554.98
16 $27,219.58 $19,620.04 $442,934.93
17 $26,009.46 $20,830.16 $422,104.77
18 $24,724.70 $22,114.92 $399,989.84
19 $23,360.70 $23,478.92 $376,510.92
20 $21,912.57 $24,927.05 $351,583.87
21 $20,375.12 $26,464.50 $325,119.37
22 $18,742.85 $28,096.77 $297,022.60
23 $17,009.90 $29,829.72 $267,192.88
24 $15,170.07 $31,669.55 $235,523.33
25 $13,216.76 $33,622.86 $201,900.47
26 $11,142.98 $35,696.64 $166,203.83
27 $8,941.29 $37,898.33 $128,305.50
28 $6,603.80 $40,235.82 $88,069.68
29 $4,122.14 $42,717.48 $45,352.20
30 $1,487.42 $45,352.20 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Melrose, MA


1500 sqft3900 sqft
Ø selling price$666,105$1,416,987
Ø fast selling$605,550$1,275,289
Ø high price sale$726,661$1,558,686

In 2026, houses in Melrose, MA will be offered at an average price of $367 per square foot. A 1,500 sqft home priced at $666,105 is 22.72% more expensive per square foot than a 3,900 sqft home priced at $1,416,987. Home prices in Melrose, MA vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $980,992. Sellers who can wait longer may achieve a higher price of up to $1,198,989.


Discover Melrose, MA

Location & Transportation

Located just north of Boston, Melrose, MA, offers quick access to the city via the MBTA Commuter Rail and nearby Oak Grove on the Orange Line. Its walkable layout and reliable public transportation make commuting and errands easy for residents.

Lifestyle & Amenities

The vibrant downtown along Main Street features locally owned restaurants, cafes, and boutiques that give the community a small-town feel. Outdoor lovers enjoy the expansive Middlesex Fells Reservation and well-kept city parks for year-round recreation.

Housing & Community

Melrose is known for charming Victorian homes, tree-lined neighborhoods, and a competitive real estate market. Top-rated schools, active civic groups, and safe streets attract families and professionals seeking long-term stability.

Things to Do

Popular community events, farmers markets, and arts programs fill the calendar with family-friendly activities. Fitness studios, local breweries, and seasonal festivals provide plenty of things to do close to home.
Easy access to museums, sports venues, and waterfront attractions in Boston expands weekend options.

Why Choose Melrose

With its blend of convenience, character, and community spirit, Melrose stands out as a top Boston suburb for quality of life.



FAQ – Home Values in Melrose

What is the median home value in Melrose in 2026?

In 2026, the typical home value in Melrose is about $651,038 for an average home size of 1777 square feet. This corresponds to an average price of roughly $367 per square foot.

What is the average cost per square foot in Melrose?

In 2026, homes in Melrose sell for an average of around $367 per square foot, with a typical range between $379 and $379 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Melrose is about 1777 square feet, with an estimated 2026 value around $651,038.



Locations close to Melrose, MA

Stoneham, MA363 $ / ft²
Braintree, MA327 $ / ft²
Milton, MA386 $ / ft²
Quincy, MA276 $ / ft²
Medford, MA437 $ / ft²
Winthrop, MA341 $ / ft²
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