Median home value: $872K (+2.4% YoY). Rent: $2,804/mo. Price-to-rent: 25.9x. Part of Boston-Cambridge-Newton, MA-NH.
Limited Data
Basic Zillow data only. For stress scores, AI analysis, and trends, Boston-Cambridge-Newton, MA-NH metro page.
Home Value$871,901
+2.4%
Rent$2,804/mo
AFFORDABILITYRenting $2,400/mo cheaper ($2,804 rent)6.00% 30yr, 20% down, county tax + MA ins. 28% per HUD.
Enter your income for Melrose.
$174,380 on $871,901
Out of reach — 83.3% of income
Need $223,029/yr to afford.
PITI$5,204
P/I83.3%
Afford$293K
Gap-$579K
P&I $4,182Tax $872Ins $150
Home Buying Kit For Dummies (2025)Financing, negotiation, closing