Home values, rents and more in Melrose, MA
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open Melrose in ProMap- Under $670k
- $670k–$730k
- $730k–$810k
- $810k–$820k
- $820k+
- No data
How Melrose compares
The typical home in Melrose, MA is worth about $908,000, according to the Zillow Home Value Index for September 2026. Home values in Melrose are 25% above the typical value in the Boston metro area ($726,000) and 2.5 times the U.S. typical value ($366,000).
Over the past year, home values in Melrose rose 4.1%, compared with +2.1% in the Boston metro area and +1.2% nationally.
Typical rent is $3,031 a month (Zillow Observed Rent Index), about the same as the Boston metro area ($2,987) and 1.6 times the U.S. ($1,932). Rents rose 3.7% over the past year.
The median household income is $133,953, against $115,863 in the Boston metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 29,650 people live in Melrose (American Community Survey 2020–24).
Melrose has the 44th-highest typical home value of the 194 cities in the Boston metro area and the 56th-highest of 348 in Massachusetts with Zillow figures.
Part of: Middlesex County, MA · Boston metro area · Massachusetts
More for Melrose in ProMap Plus
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- 5- and 10-year price changes
- Days on market and months of supply
- Price cuts and sale-to-list ratio
- Price-to-income and monthly cost to buy
- Crime rates
- Homeowners insurance premiums
- Commute time to downtown
- Flood, wildfire and natural hazard risk
- Property-tax rate
- 2024 presidential vote
- Age, education and household make-up
- Amenities and transit nearby
Nearby cities
ZIP codes in Melrose, MA
Sources
Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.
"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.