Real Estate Investing in Melrose, Massachusetts

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1 ZIP codes • Population: 29,488 • Middlesex County

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Should you buy in Melrose, MA? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (57/100)

Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.

What’s happening in Melrose, MA?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

4.5% 5yr CAGR

1.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $931,069
Avg Monthly Rent $2,969
ZIP Codes 1

Investing in Melrose Real Estate

This is a distressed-leaning corner of Massachusetts: Melrose has 1 ZIPs and a sizable population, and the investment math only works for investors who truly understand the market.

firmly Melrose's aggregate rating of ★★★☆☆ reflects soft investor metrics across the board — weak rent growth, weak appreciation, and rising-vacancy pressure in multiple ZIPs.

Transaction volume in Melrose has thinned in a way that amplifies price discovery risk. Meanwhile, investors without local context should treat every number on the page with skepticism.

Melrose's population trends and income levels suggest a market where affordability is strained, which constrains how aggressively rents can rise without hurting collections.

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Best ZIP codes in Boston-Cambridge-Newton, MA-NH

Melrose is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Property managers serving Middlesex County

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Green Ocean Property Management offers investment property management and condo association management services in Boston and surrounding areas like Allston, Brighton, Cambridge, and Quincy. summary from their website

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McDonough Property Management offers full-service property management and HOA management in the Greater Boston Area, covering maintenance, inspections, legal compliance, and communication. summary from their website

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New England Property Management & Maintenance offers property management for multi/single-family homes, apartments, rental properties, and condo associations in Brookline, MA and Cambridge, MA. summary from their website

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Avg Home Value
$931,069
Avg Monthly Rent
$2,969
1% Rule
✗ Below
Landlord Friendly (MA)

Neighborhoods in Melrose

ZIP Codes in Melrose, MA

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Frequently Asked Questions About Melrose, MA

How much is rent in Melrose, MA?

Rental rates in Melrose, MA average $2,969/mo. Tenant demand and $931K home values make the yield look reasonable by investor standards.

Which real estate strategy fits Melrose, MA?

Melrose, MA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($931K prices, $2,969/mo rents) make it a reasonable choice.

Are landlord laws favorable in Melrose, MA?

For rental operators, Melrose, MA rates as tenant-protective. The regulatory environment standard buy-and-hold operations.

Does house hacking work in Melrose, MA?

For house hackers, Melrose, MA is a challenging. The $2,969/mo rent on a unit helps defray the mortgage on a $931K property.

Is housing expensive in Melrose, MA?

Typical homes in Melrose, MA go for around $931K. The 5-year CAGR of 0.0% steady price movement.

Community Ratings

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