Frequently Asked Questions
Is Oak Grove-Pine Banks a good place to live?
Oak Grove-Pine Banks is a good place to live. Oak Grove-Pine Banks is considered somewhat walkable and somewhat bikeable with good transit options. Oak Grove-Pine Banks has 9 parks for recreational activities. It has a median age of 38. The average household income is $129,103 which is above the national average. College graduates make up 53.9% of residents. A majority of residents in Oak Grove-Pine Banks are renters, with 64.3% of residents renting and 35.7% of residents owning their home. A
local real estate agent serving Oak Grove-Pine Banks can help you decide if this neighborhood is the right one for you. Learn more on our
Oak Grove-Pine Banks neighborhood guide.
How much do you need to make to afford a house in Oak Grove-Pine Banks?
The median home price in Oak Grove-Pine Banks is $318,500. If you put a 20% down payment of $63,700 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $1,650 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $71K a year to afford the median home price in Oak Grove-Pine Banks. The average household income in Oak Grove-Pine Banks is $129K.
What are the best public schools in Oak Grove-Pine Banks?
The best public schools that serve Oak Grove-Pine Banks are:
What are the best private schools in Oak Grove-Pine Banks?
The best private schools that serve Oak Grove-Pine Banks are:
What are the most popular zip codes in Oak Grove-Pine Banks, Melrose, MA?
What are the most popular neighborhoods near Oak Grove-Pine Banks, Melrose, MA?
Are home prices dropping in Oak Grove-Pine Banks?
Yes, home prices in Oak Grove-Pine Banks are down 24% in the last 12 months.
Home Trends in Oak Grove-Pine Banks, MA
On average, homes in Oak Grove-Pine Banks, Melrose sell after 60 days on the market compared to the national average of 70 days. The median sale price for homes in Oak Grove-Pine Banks, Melrose over the last 12 months is $300,000, down 44% from the median home sale price over the previous 12 months.
Median Sale Price
$300,000
Median Single Family Sale Price
$546,690
Median Townhouse Sale Price
$300,000
Median 2 Bedroom Sale Price
$285,000
Average Price Per Sq Ft
$356
Number of Homes for Sale
3
Last 12 months Home Sales
13
Median List Price
$318,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-44%