Why Live in Melrose East Side
Bounded by Lynn Fells Parkway, Lebanon Street and several green spaces, Melrose, Massachusetts’s East Side neighborhood offers its residents a convenient location north of Boston with highly rated schools and easy access to green spaces. “East Side Melrose is very desirable,” says Jill Leeman, a real estate agent with Leeman & Gately/Compass who has lived in Melrose her whole life. “You might be walking distance to Bellevue Golf Course, the private course, or walking distance to Mount Hood, a public one.” That walkability is a key feature, as is the proximity to Boston. “You can get to Boston very easily,” Leeman says. This neighborhood is largely homeowners, with almost 90 of residents owning rather than renting. The neighborhood’s housing market moves quickly and combines high values with comparative affordability. “People are coming here from surrounding communities because we are a little more affordable,” Leeman says. “But houses are on the higher end of property value.” Much of the neighborhood offers mature, well-spaced trees, small tidy lawns and well-kept sidewalks. “I love that there’s sidewalks,” Leeman says. Victorians, Colonial Revivals and multi-story Cape Cods are
Frequently Asked Questions
Is Melrose East Side a good place to live?
Melrose East Side is a good place to live. Melrose East Side is considered car-dependent and somewhat bikeable with some transit options. Melrose East Side has 5 parks for recreational activities. It has a median age of 43. The average household income is $192,678 which is above the national average. College graduates make up 71% of residents. A majority of residents in Melrose East Side are home owners, with 11.6% of residents renting and 88.4% of residents owning their home. A
local real estate agent serving Melrose East Side can help you decide if this neighborhood is the right one for you. Learn more on our
Melrose East Side neighborhood guide.
How much do you need to make to afford a house in Melrose East Side?
The median home price in Melrose East Side is $469,999. If you put a 20% down payment of $94,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,440 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $105K a year to afford the median home price in Melrose East Side. The average household income in Melrose East Side is $193K.
What are the best public schools in Melrose East Side?
The best public schools that serve Melrose East Side are:
What are the best private schools in Melrose East Side?
The best private schools that serve Melrose East Side are:
What are the most popular zip codes in Melrose East Side, Melrose, MA?
What are the most popular neighborhoods near Melrose East Side, Melrose, MA?
Are home prices dropping in Melrose East Side?
Yes, home prices in Melrose East Side are down 81% in the last 12 months.
Home Trends in Melrose East Side, MA
On average, homes in Melrose East Side, Melrose sell after 49 days on the market compared to the national average of 70 days. The median sale price for homes in Melrose East Side, Melrose over the last 12 months is $439,000, down 13% from the median home sale price over the previous 12 months.
Median Sale Price
$439,000
Median Single Family Sale Price
$499,900
Median Townhouse Sale Price
$278,000
Median 2 Bedroom Sale Price
$471,000
Median 1 Bedroom Sale Price
$725,000
Average Price Per Sq Ft
$355
Number of Homes for Sale
4
Last 12 months Home Sales
16
Median List Price
$469,999
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-13%