The median home in Melrose, Massachusetts is valued at $871,901, up 2.4% year over year. Typical monthly rent is $2,804, producing a price-to-rent ratio of 25.9x — well above the national average of 18x. Melrose is part of the Boston-Cambridge-Newton, MA-NH metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Boston-Cambridge-Newton, MA-NH stress score, crash risk, and 12-month forecast →

Home Value$871,901

+2.4%

Rent$2,804/mo

AFFORDABILITY

Enter your income for Melrose.

Income (annual)

Down Payment

$174,380 on $871,901

Out of reach — 86.9% of income

Need $232,757/yr to afford.

PITI$5,431

P/I86.9%

Afford$281K

Gap-$591K

P&I $4,409Tax $872Ins $150

Renting $2,627/mo cheaper ($2,804 rent)6.50% 30yr, 20% down, county tax + MA ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Massachusetts

Compare Melrose with other housing markets across Massachusetts.

Nantucket$2970K Chilmark$2283K Weston$2182K Wellesley$1946K Edgartown$1773K Aquinnah$1729K Dover$1715K West Tisbury$1597K

Full Boston-Cambridge-Newton, MA-NH analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Boston-Cambridge-Newton, MA-NH metro.

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MELROSE, MA