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Melrose has 10,982 houses and apartments. Of the houses, apartments, etc. in the city, about 67% are lived in by their owners, not renters.
In Melrose, 72% of housing owners are paying off a mortgage. It's about 18% of homeowners in the city that use a second mortgage or home equity loan.
Mortgage and interest rate quotes for the Melrose area (or anywhere else you choose in the US) are available, without obligation or credit checks:
| Category | Value |
|---|---|
| Homes With No Mortgage | 28% |
| With A Mortgage | 72% |
| First Mortgage Only | 55% |
| Second Mortgage or Home Equity Loan | 18% |
| Second Mortgage Only | 5% |
| Home Equity Loan Only | 12% |
| Category | Value |
|---|---|
| Owner Costs as % of Income | 19.5% |
| Median Real Estate Taxes (2000) | $3,079 |
| Category | Value |
|---|---|
| Total Occupied | 10,982 |
| 1-Person Households | 30% |
| 2-Person Households | 31% |
| 3-Person Households | 16% |
| 4-Person Households | 15% |
| 5-Person Households | 6% |
| 6-Person Households | 1% |
| 7+-Person Households | 1% |
| Category | Value |
|---|---|
| Median Year Built | 1939 |
| Median Year Built (Owner Occupied) | 1939 |
| Median Year Built (Renter Occupied) | 1950 |
| Category | Value |
|---|---|
| Using Utility Co. Gas Heat | 42% |
| Using Bottled/Tank Gas Heat | 1% |
| Using Electric Heat | 4% |
| Using Oil Heat | 52% |
| Using Coal | 0% |
| Using Wood Heating | 0% |
| Using Solar Heat | 0% |
| Other Heating | 0% |
| No Heating | 0% |
| Category | Value |
|---|---|
| No Bedrooms | 0% |
| 1 Bedroom | 4% |
| 2 Bedrooms | 16% |
| 3 Bedrooms | 48% |
| 4 Bedrooms | 25% |
| 5+ Bedrooms | 8% |
Rate quotes from multiple lenders for the Melrose area:
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