The story of this market
The typical home in ZIP 02176 sells for about $873,000, or $556 per square foot.
Prices are up +7.8% from a year ago, so sellers still have some momentum. Homes take about 20.5 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,383 a month.
ZIP 02176 — Melrose
The 02176 housing market remains highly competitive with a median sale price of $873,000, reflecting a 7.8% year-over-year increase. Homes are selling quickly, averaging 20.5 days on the market, with multiple offers common. Several metrics, including rent, tax rates, and specific inventory details, are not currently published at the ZIP level.
This ZIP is ideal for families and professionals who value a suburban lifestyle with high-quality schools and convenient transit access to Boston.
Median prices moved up 7.8% year over year.
Homes spend a median of 21 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 02176
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Melrose is generally considered a safe community with crime rates significantly lower than the Massachusetts and national averages.
The Melrose Public Schools district is highly regarded, with schools consistently receiving strong performance ratings and positive community feedback.
The area faces standard New England climate risks, including winter storms and occasional heavy rainfall, with flood risk primarily concentrated in specific low-lying zones.
Melrose maintains a stable suburban economy with strong connectivity to Boston's employment hubs, supported by ongoing residential renovations and transit-oriented development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Massachusetts) — Massachusetts Local Property Tax: Ad valorem tax calculated as (Municipal Budget / Total Assessed Value of all taxable property) = Tax Rate per $1,000 of assessed value. Assessments must be at 100% of full and fair cash (market) value.
Residents benefit from excellent access to Boston via the MBTA Commuter Rail (Haverhill Line) and Orange Line subway stations in neighboring Malden.
The area features extensive green space including the Middlesex Fells Reservation, Ell Pond, and various local parks, alongside a vibrant downtown shopping and dining district.
The rental market is highly competitive with low vacancy rates, driven by strong demand from commuters seeking proximity to Boston.
The local economy is largely service-oriented with a high concentration of residents commuting to professional and educational sectors in the Greater Boston area.
The city is served by the MBTA Commuter Rail and is adjacent to the Orange Line, providing robust public transit options.
Development is focused on infill projects and the modernization of existing residential and commercial infrastructure.
The City of Melrose Assessor's Office manages property valuations based on annual market analysis and state-mandated certification cycles.
Parcels are subject to municipal taxes and standard utility district fees; no major MUD/PID districts are present.
Property insurance premiums are influenced by regional coastal and storm-related risk factors common to Eastern Massachusetts.
Data sourced from MapOfZipCodes based on 2020 Census figures.
- Boston Tea Party Ships & Museum4.67.3 mi
- F1 Arcade Boston4.57.4 mi
- Museum of Illusions Boston4.56.8 mi
- Boda Borg Boston4.72.1 mi
- K1 Speed Boston-Wilmington4.28.1 mi
- Fenway Park4.87.9 mi
- TD Garden4.66.3 mi
- Thomas M. Menino Convention & Exhibition Center4.57.8 mi
- MGM Music Hall at Fenway4.47.8 mi
- Topgolf Boston - Canton3.918.7 mi
- Fenway Park4.87.9 mi
- Boston Common4.77.1 mi
- Museum of Fine Arts, Boston4.88.3 mi
- New England Aquarium4.46.8 mi
- Harvard Square4.66.5 mi
- Museum of Fine Arts, Boston4.88.3 mi
- Boston Public Library4.87.5 mi
- Isabella Stewart Gardner Museum4.78.5 mi
- Museum of Science4.76.2 mi
- Boston Tea Party Ships & Museum4.67.3 mi
- Boston Common4.77.1 mi
- Franklin Park Zoo4.410.6 mi
- Public Garden4.87.1 mi
- Charles River Esplanade4.87.1 mi
- Arnold Arboretum of Harvard University4.810.8 mi
- Robert T. Lynch Municipal Golf Course3.911.4 mi
- Newton Commonwealth Golf Course49.6 mi
- William J. Devine Golf Course at Franklin Park4.210.9 mi
- Five Iron Golf4.96.8 mi
- Fresh Pond Golf Course4.27 mi
- Encore Boston Harbor4.34.3 mi
- Burlington Mall4.47.9 mi
- Prudential Center Boston4.57.6 mi
- Quincy Market4.56.7 mi
- Faneuil Hall Marketplace4.56.7 mi
- Boston Logan International Airport4.16.9 mi
- Park Shuttle & Fly4.55.2 mi
- The Lounge3.46.6 mi
- DaCoopas Pizza4.15.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large state forest offering hiking, biking, and nature trails.
Central recreational area for walking and seasonal activities.
Historic district with a variety of local boutiques and restaurants.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.