Why Live in Montrose
Montrose, a neighborhood in Wakefield, features a mix of single-family homes, apartments, and condos, with housing styles including ranch, bi-level, and new traditional homes. The area is known for its relatively newer housing stock compared to other parts of Wakefield. Home values in Montrose are about $55,000 below the Boston metro area average. Sullivan Memorial Park, located in the center of Wakefield, offers a youth soccer field, little league diamond, BMX track, and a fenced-in toddler park. Local amenities include Slice, a pizzeria and sub shop, and a Shaw's grocery store. MarketStreet Lynnfield, two miles east, features over 80 stores and restaurants, including high-end shops and chain eateries. The neighborhood is car-dependent, with Interstate 95 running through its north end and bus service available for transfers to Boston. Montrose is 16 miles north of Boston, with MelroseWakefield Hospital 5 miles south and Boston Logan International Airport 13 miles away. Schools in Montrose include highly rated Galvin Middle School, Wakefield Memorial High School, and Odyssey Day School, which emphasizes experience-based learning. The neighborhood has a lower crime risk compared to the national average, making it a safer area.
Frequently Asked Questions
Is Montrose a good place to live?
Montrose is a good place to live. Montrose is considered car-dependent and somewhat bikeable with minimal transit options. Montrose has 4 parks for recreational activities. It has a median age of 44. The average household income is $149,103 which is above the national average. College graduates make up 54.6% of residents. A majority of residents in Montrose are home owners, with 30.1% of residents renting and 69.9% of residents owning their home. A
local real estate agent serving Montrose can help you decide if this neighborhood is the right one for you. Learn more on our
Montrose neighborhood guide.
How much do you need to make to afford a house in Montrose?
The median home price in Montrose is $779,900. If you put a 20% down payment of $156,000 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $3,970 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $170K a year to afford the median home price in Montrose. The average household income in Montrose is $149K.
What are the best public schools in Montrose?
The best public schools that serve Montrose are:
What are the best private schools in Montrose?
The best private schools that serve Montrose are:
What are the most popular zip codes in Montrose, Wakefield, MA?
What are the most popular neighborhoods near Montrose, Wakefield, MA?
Home Trends in Montrose, MA
On average, homes in Montrose, Wakefield sell after 24 days on the market compared to the national average of 52 days. The median sale price for homes in Montrose, Wakefield over the last 12 months is $780,000, up 4% from the median home sale price over the previous 12 months.
Median Sale Price
$780,000
Median Single Family Sale Price
$885,000
Median 2 Bedroom Sale Price
$579,500
Median 1 Bedroom Sale Price
$315,000
Average Price Per Sq Ft
$458
Number of Homes for Sale
5
Last 12 months Home Sales
53
Median List Price
$779,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
4%