$679,000
- 3 Beds
- 1 Bath
- 1,352 Sq Ft
7 Penny Hill Rd, Melrose, MA 02176
Romeo Zeqo Best Boston Realty, LLC
Frequently Asked Questions
Is Mount Hood a good place to live?
Mount Hood is a good place to live. Mount Hood is considered very car-dependent and somewhat bikeable with some transit options. Mount Hood has 2 parks for recreational activities. It has a median age of 44. The average household income is $209,889 which is above the national average. College graduates make up 68.4% of residents. A majority of residents in Mount Hood are home owners, with 7.2% of residents renting and 92.8% of residents owning their home. A local real estate agent serving Mount Hood can help you decide if this neighborhood is the right one for you. Learn more on our Mount Hood neighborhood guide.
How much do you need to make to afford a house in Mount Hood?
The median home price in Mount Hood is $837,500. If you put a 20% down payment of $167,500 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $4,260 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $183K a year to afford the median home price in Mount Hood. The average household income in Mount Hood is $210K.
What are the best public schools in Mount Hood?
The best public schools that serve Mount Hood are:
- Roosevelt Elementary School has an A Niche grade and a student teacher ratio of 17:1.
- 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.
What are the best private schools in Mount Hood?
The best private schools that serve Mount Hood are:
- Malden Catholic has an A+ Niche grade, a student teacher ratio of 12:1 and an average review score of 4.4.
- 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 Mount Hood, Melrose, MA?
What are the most popular neighborhoods near Mount Hood, Melrose, MA?
The most popular neighborhoods near Mount Hood, Melrose, MA are Oakland Vale, Melrose East Side, Maplewood Highlands, Linden Highlands and Forestdale.
Are home prices dropping in Mount Hood?
Yes, home prices in Mount Hood are down 17% in the last 12 months.
