Welcome to our 2176 real estate data hub, tailored for investors in Melrose, MA. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 2176 in Melrose, MA. Discover Section 8 housing opportunities and challenges to maximize your investment potential in MIDDLESEX COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Melrose, MA real estate investing. Uncover the wealth of information available, and position yourself for success in the Melrose property market.
-
Location Overview
- Zip Code: 2176
- City: Melrose
- State: MA
- Metro Area: Boston-Cambridge-Newton, MA-NH
- County Name: MIDDLESEX COUNTY
-
Real Estate Market Snapshot
- Average Home Price (All Types): $790,158
- Average Home Price (Single Family Homes): $827,123
- Average Monthly Rental Price (All Types): $2,722
- Price-to-Rent Ratio: 24
- Zillow Projected % appreciation from 4/2023-4/2024: -0.4%
-
Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $2,460
- Average 3 Bedroom Section 8 Rental Rates: $2,990
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 26.77
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 22.02
- Number of Units Offered in Section 8 in the County: 13562
- Number of Occupied Units in Section 8 in the County: 13052
- Percentage of Section 8 Units Occupied in the County: 96.19999695%
-
Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 305.27
- Total % Appreciation since 2000 (Government Data): 165.26
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.12%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 1.21%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 19.32%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 30.84%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 92.67%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 91.77%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 105.63%
-
Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 2.31%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 8.51%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 20.61%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 27.5%