Most Expensive Melrose Neighborhoods
Melrose is a medium-sized city located in the state of Massachusetts. With a population of 27,969 people and five constituent neighborhoods, Melrose is the 67th largest community in Massachusetts. Melrose has a large stock of pre-World War II architecture, making it one of the older and more historic cities in the country.
Housing costs in Melrose are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in Massachusetts.
Melrose is a decidedly white-collar city, with fully 87.56% of the workforce employed in white-collar jobs, well above the national average. Overall, Melrose is a city of professionals, sales and office workers and managers. There are especially a lot of people living in Melrose who work in management occupations (16.06%), office and administrative support (12.97%) and sales jobs (9.89%).
Also of interest is that Melrose has more people living here who work in computers and math than 95% of the places in the US.
In addition, Melrose is home to many people who could be described as "urban sophisticates", which are people who are not only wealthy and employed in professional occupations, but highly educated to boot. Urban sophisticates have urbane tastes - whether they reside in a big or small city, a suburb, or a little town. Urban sophisticates support bookstores, quality clothing stores, enjoy luxury travel, and in big cities, they are truly the patrons of the arts, attending and supporting institutions such as opera, symphony, ballet, and theatre.
Melrose is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Melrose’s overall crime rate is lower than average for the country.
One downside of living in Melrose is that it can take a long time to commute to work. In Melrose, the average commute to work is 32.61 minutes, which is quite a bit higher than the national average. On the other hand, local public transit is widely used in the city, so leaving the car at home and taking transit is often a viable alternative. In addition, it is also a pedestrian-friendly city. Many of Melrose’s neighborhoods are dense enough and have amenities close enough together that people find it feasible to get around on foot.
Although the majority of commuting trips in the city are by private automobile, Melrose is somewhat unusual for a city of its size for having a substantial number of people who use public transportation. For a lot of people, the subway helps to get to and from their jobs every morning, which benefits everyone in the Melrose area by reducing both traffic and air pollution.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Melrose. 50.51% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
The per capita income in Melrose in 2010 was $43,866, which is upper middle income relative to Massachusetts, and wealthy relative to the rest of the US. This equates to an annual income of $175,464 for a family of four.
The people who call Melrose home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Melrose residents report their race to be White, followed by Asian. Important ancestries of people in Melrose include Irish, Italian, English, German, French and Polish.
The most common language spoken in Melrose is English. Other important languages spoken here include Portuguese and Spanish.
|NUMBER OF HOMES AND APARTMENTS||11,304|
|MELROSE HOME OWNERSHIP|
|% OWNER OCCUPIED||66.40%|
|% RENTER OCCUPIED||33.60%|
|TYPE OF MELROSE HOMES|
|SINGLE FAMILY DETACHED||55.12%|
|ROWHOUSES AND ATTACHED HOMES||3.43%|
|SMALL APARTMENT BUILDINGS||15.88%|
|COMPLEXES OR HIGH RISE APARTMENTS||25.57%|
|SIZE OF MELROSE HOMES|
|5 OR MORE BEDROOMS||5.91%|
|AGE OF MELROSE HOMES|
|NEWER HOMES (2000 OR LATER)||6.58%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||15.46%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||25.08%|
|HISTORIC (1939 OR BEFORE)||52.88%|
|MELROSE REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$487,769|
|MEDIAN RENTAL PRICE||$1,324|
|HOME VALUE RANGE|
|$0 - $58,000||2.17%|
|$58,001 - $117,000||0.13%|
|$117,001 - $234,000||2.91%|
|$234,001 - $350,000||10.93%|
|$350,001 - $467,000||26.37%|
|$467,001 - $584,000||31.82%|
|$584,001 - $876,000||22.55%|
|$876,001 - $1,168,000||2.74%|
|PEOPLE OF MELROSE||DETAILS|
|UNDER 5 YEARS||6.99%|
|5 TO 17||13.84%|
|18 TO 24||5.47%|
|25 TO 34||12.83%|
|35 TO 54||31.99%|
|55 TO 64||13.04%|
|65 YEARS AND OVER||15.85%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||94.39%|
|MEDIAN HOUSEHOLD INCOME||$86,409|
|PER CAPITA INCOME||$43,866|
|INDIVIDUALS BELOW POVERTY LEVEL||3.86%|
|INDUSTRIES PEOPLE WORK IN||Healthcare (15.70%)
Professional, scientific, and technical services (12.46%)
Public Service (4.81%)
Information Technology (2.87%)
|BLACK OR AFRICAN AMERICAN||2.63%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.01%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.00%|
|SOME OTHER RACE ALONE||0.19%|
|TWO OR MORE RACES||1.05%|
|HISPANIC OR LATINO (OF ANY RACE)||3.87%|
|ETHNICITIES PRESENT||Irish (33.34%)
French Canadian (3.52%)
|LANGUAGES SPOKEN||English (85.68%)
French Creole (1.46%)
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