Why Live in Horace Mann
Ten miles north of Boston, Horace Mann is a community in downtown Melrose with 20th-century homes in a convenient, central location. “You get accessibility,” says Rosa Molettieri, a real estate agent with Barrett, Chris. J., Realtors, who has over 25 years of experience. “There’s public transportation, groceries and parks.” Horace Mann Elementary is also in the neighborhood, which Molettieri says is a plus for families. “You have the convenience of a well-established community,” she says. Horace Mann’s homes are a mix of Cape Cod, bungalow and Colonial styles, typically built during the early to mid-20th century. “They’re traditional New England homes,” Molettieri says. Set along narrow, sidewalk-lined streets, these single-family homes often include porches or stoops and attached or detached garages. Front lawns are trimmed and tidy, dotted with oaks and maples. Homes at the top of the price range often have golf course views, private pools and multi-car garages. There are also a few apartment and condo buildings in the neighborhood. Most home prices range from about $500,000 to $900,000, but prices for newly renovated or larger homes range from $900,000 to $1.3 million. Horace
Frequently Asked Questions
Is Horace Mann a good place to live?
Horace Mann is a good place to live. Horace Mann is considered somewhat walkable and somewhat bikeable with some transit options. It has a median age of 43. The average household income is $174,740 which is above the national average. College graduates make up 63.6% of residents. A majority of residents in Horace Mann are home owners, with 13% of residents renting and 87% of residents owning their home. A
local real estate agent serving Horace Mann can help you decide if this neighborhood is the right one for you. Learn more on our
Horace Mann neighborhood guide.
How much do you need to make to afford a house in Horace Mann?
The median home price in Horace Mann is $270,000. If you put a 20% down payment of $54,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,400 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $60K a year to afford the median home price in Horace Mann. The average household income in Horace Mann is $175K.
What are the best public schools in Horace Mann?
The best public schools that serve Horace Mann are:
What are the best private schools in Horace Mann?
The best private schools that serve Horace Mann are:
What are the most popular zip codes in Horace Mann, Melrose, MA?
What are the most popular neighborhoods near Horace Mann, Melrose, MA?
Home Trends in Horace Mann, MA
On average, homes in Horace Mann, Melrose sell after 52 days on the market compared to the national average of 70 days. The median sale price for homes in Horace Mann, Melrose over the last 12 months is $270,000, down 16% from the median home sale price over the previous 12 months.
Median Sale Price
$270,000
Median Single Family Sale Price
$659,950
Median Townhouse Sale Price
$270,000
Median 2 Bedroom Sale Price
$270,000
Average Price Per Sq Ft
$297
Number of Homes for Sale
5
Last 12 months Home Sales
20
Median List Price
$270,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-16%