House Prices

Downtown Melrose Melrose, MA House Prices & Home Values 2026


Average Data

average house price$645,830
average size per house1763 ft²
average price per ft²364 $ / ft²

05/23/2026 - The value range (VR) for house prices in Downtown Melrose Melrose, MA is $345.8/ sqft to $382.2/ sqft. An average home with 1763 sqft costs approximately $604,769 to $668,429. 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 $364. Our analysis is based on 24 property listings.

Avergage prices by ZIP codes Downtown Melrose Melrose

02176376 $ / ft²




Historical development of home values in Downtown Melrose Melrose

Year Estimated value (USD) Change vs. 2025
2010 $299,935 -53.6%
2011 $288,337 -55.4%
2012 $287,560 -55.5%
2013 $298,309 -53.8%
2014 $313,142 -51.5%
2015 $329,213 -49.0%
2016 $346,394 -46.4%
2017 $365,090 -43.5%
2018 $385,274 -40.3%
2019 $403,139 -37.6%
2020 $423,979 -34.4%
2021 $482,231 -25.3%
2022 $562,173 -13.0%
2023 $592,837 -8.2%
2024 $627,134 -2.9%
2025 $645,830 0.0%

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



Example: 100% financing house in Downtown Melrose Melrose

Loan amount: $645,830

Interest rate: 5.95%

Fixed monthly payment: $3,852.17

Breakdown in the 1st month:
Interest portion: $3,203.32  –  Principal portion: $648.85

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $38,223.84 $8,002.19 $637,827.81
2 $37,734.34 $8,491.69 $629,336.12
3 $37,214.90 $9,011.13 $620,324.99
4 $36,663.68 $9,562.35 $610,762.63
5 $36,078.74 $10,147.29 $600,615.34
6 $35,458.02 $10,768.01 $589,847.33
7 $34,799.33 $11,426.70 $578,420.64
8 $34,100.35 $12,125.68 $566,294.96
9 $33,358.62 $12,867.42 $553,427.54
10 $32,571.50 $13,654.53 $539,773.01
11 $31,736.25 $14,489.79 $525,283.23
12 $30,849.89 $15,376.14 $509,907.09
13 $29,909.32 $16,316.71 $493,590.38
14 $28,911.21 $17,314.82 $476,275.56
15 $27,852.05 $18,373.98 $457,901.58
16 $26,728.10 $19,497.93 $438,403.65
17 $25,535.40 $20,690.64 $417,713.02
18 $24,269.73 $21,956.30 $395,756.72
19 $22,926.65 $23,299.39 $372,457.33
20 $21,501.40 $24,724.63 $347,732.70
21 $19,988.98 $26,237.06 $321,495.65
22 $18,384.03 $27,842.00 $293,653.65
23 $16,680.91 $29,545.12 $264,108.53
24 $14,873.61 $31,352.42 $232,756.11
25 $12,955.76 $33,270.27 $199,485.84
26 $10,920.59 $35,305.44 $164,180.40
27 $8,760.92 $37,465.11 $126,715.29
28 $6,469.15 $39,756.88 $86,958.41
29 $4,037.19 $42,188.84 $44,769.57
30 $1,456.46 $44,769.57 $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 Downtown Melrose Melrose, MA


1500 sqft3900 sqft
Ø selling price$655,375$1,394,161
Ø fast selling$595,796$1,254,745
Ø high price sale$714,955$1,533,577

In 2026, houses in Downtown Melrose Melrose, MA will be offered at an average price of $364 per square foot. A 1,500 sqft home priced at $655,375 is 22.82% more expensive per square foot than a 3,900 sqft home priced at $1,394,161. Home prices in Downtown Melrose Melrose, MA vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $965,189. Sellers who can wait longer may achieve a higher price of up to $1,179,675.


Discover Downtown Melrose in Melrose, MA

Located just north of Boston, Downtown Melrose in Melrose, MA blends small-city charm with convenient urban access.
Lined with historic storefronts along Main Street, the district showcases Victorian architecture, colorful boutiques, and locally loved eateries.

Day and night, the walkable core buzzes with coffee shops, artisanal markets, and community events that anchor neighborhood life.

Lifestyle & Amenities

Foodies enjoy acclaimed restaurants, cozy pubs, and bakeries, while shoppers browse independent retailers, wellness studios, and specialty grocers.
Cultural stops like the Melrose Symphony Orchestra and seasonal festivals, including the Melrose Farmers' Market, create a vibrant calendar.

Green escapes such as Ell Pond and the nearby Middlesex Fells Reservation offer trails, picnicking spots, and scenic views steps from Main Street.

Transportation & Accessibility

Commuting is simple with the Melrose/Cedar Park and Melrose Highlands commuter rail stations, plus easy links to Oak Grove on the Orange Line.
Drivers benefit from quick access to Route 1 and I?93, while cyclists appreciate bike-friendly streets and ample racks.

Real Estate & Community

Home seekers find classic New England housing, from well-kept condos over shops to stately single-family homes on leafy side streets.
Top-rated schools, strong civic pride, and a safe, walkable layout make Downtown Melrose a sought-after destination for families, professionals, and downsizers.



FAQ – Home Values in Downtown Melrose Melrose

What is the median home value in Downtown Melrose Melrose in 2026?

In 2026, the typical home value in Downtown Melrose Melrose is about $645,830 for an average home size of 1763 square feet. This corresponds to an average price of roughly $364 per square foot.

What is the average cost per square foot in Downtown Melrose Melrose?

In 2026, homes in Downtown Melrose Melrose sell for an average of around $364 per square foot, with a typical range between $345.8 and $382.2 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Downtown Melrose?

The average home size in Downtown Melrose Melrose is about 1763 square feet, with an estimated 2026 value around $645,830.



Neighborhoods close to Downtown Melrose Melrose, MA

Stoneham Center Stoneham, MA326 $ / ft²
Braintree Highlands Braintree, MA361 $ / ft²
East Milton Milton, MA372 $ / ft²
West Medford Medford, MA419 $ / ft²
Point Shirley Winthrop, MA339 $ / ft²
Beachmont Revere, MA291 $ / ft²
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