$339,900
- 1 Bed
- 1 Bath
- 575 Sq Ft
220 Essex St Unit 1, Melrose, MA 02176
Emily Schwartz Centre Realty Group
Frequently Asked Questions
Is Downtown Melrose a good place to live?
Downtown Melrose is a good place to live. Downtown Melrose is considered very walkable and bikeable with some transit options. Downtown Melrose is a neighborhood with a crime score of 1, making it safer than the average neighborhood in the U.S. It has a median age of 43. The average household income is $126,967 which is above the national average. College graduates make up 62.7% of residents. A majority of residents in Downtown Melrose are renters, with 54% of residents renting and 46% of residents owning their home. A local real estate agent serving Downtown Melrose can help you decide if this neighborhood is the right one for you. Learn more on our Downtown Melrose neighborhood guide.
Is Downtown Melrose, MA a safe neighborhood?
Downtown Melrose, MA is safer than the average neighborhood in the United States. It received a crime score of 1 out of 10.
How much do you need to make to afford a house in Downtown Melrose?
The median home price in Downtown Melrose is $630,000. If you put a 20% down payment of $126,000 and had a 30-year fixed mortgage with an interest rate of 6.21%, your estimated principal and interest payment would be $3,090 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $132K a year to afford the median home price in Downtown Melrose. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Downtown Melrose is $127K.
What are the best public schools in Downtown Melrose?
The best public schools that serve Downtown Melrose are:
- Winthrop Elementary School has an A Niche grade and a student teacher ratio of 15:1.
- Melrose Middle School has an A- Niche grade, a student teacher ratio of 14:1 and an average review score of 3.9.
- Melrose High School has an A- Niche grade, a student teacher ratio of 12:1 and an average review score of 3.4.
What are the best private schools in Downtown Melrose?
The best private schools that serve Downtown Melrose are:
- Greater Boston Academy has an A+ Niche grade, a student teacher ratio of 15:1 and an average review score of 4.9.
- Melrose Montessori School has a student teacher ratio of 33:1.
- St Mary's School has a student teacher ratio of 9:1.
What are the most popular zip codes in Downtown Melrose, Melrose, MA?
What are the most popular neighborhoods near Downtown Melrose, Melrose, MA?
The most popular neighborhoods near Downtown Melrose, Melrose, MA are Wyoming, Oak Grove-Pine Banks, Melrose East Side, Melrose Highlands and Horace Mann.
