For the second year in a row, realtor.com has ranked the 02176 ZIP code in Melrose as one of the hottest in the country.
Citing Melrose’s convenient location, realtor.com emphasized the area’s appeal to younger professionals, what with its close proximity to not only Boston and Logan International Airport, but also Cambridge’s thriving tech sector; plus, the area’s commuter rail lines, buses and easy U.S. Route 1 access make transit a relative breeze.
Melrose real estate in 2016
Other notable stats realtor.com cited include:
- Millennials account for 36 percent of home purchase in Melrose, which is 1.3 times higher than the county average; furthermore, the number of Millennials earning more than $100,000 is double the U.S. average.
- Time on market in Melrose is 3.5 percent faster than in 2015, and is 28 days faster than the Greater Boston average.
- Median list price is up 13.1 percent to $462,000, and is 8 percent higher than the metro average.
- Finally, unemployment in Melrose is incredibly low at just 3.4 percent.
See our chart below to see how Melrose stacks up with the country’s other hot ZIP codes:
| ZIP Code | Median List Price | Days on Market | Job Growth | Unemployment |
|---|---|---|---|---|
| 76148 (Watauga, TX) | $137,000 | 17 | 3% | 3.9% |
| 94523 (Pleasant Hill, CA) | $630,000 | 19 | 2% | 4.4% |
| 80223 (Northglenn, CO) | $278,000 | 11 | 3% | 3.4% |
| 80916 (Colorado Springs, CO) | $178,000 | 17 | 2% | 4.4% |
| 78247 (San Antonio) | $184,000 | 28 | 3% | 3.6% |
| 94954 (Petaluma, CA) | $596,000 | 27 | 2% | 3.8% |
| 02176 (Melrose) | $462,000 | 29 | 1% | 3.4% |
| 63126 (Crestwood, MO) | $183,000 | 30 | 2% | 3.9% |
| 97222 (Milwaukie, OR) | $309,000 | 24 | 4% | 4% |
| 92104 (North Park, CA) | $497,000 | 22 | 1% | 4.6% |
Photo credit: Creative Commons 3.0, John Phelan, https://commons.wikimedia.org/wiki/File:Melrose_Public_Library,_MA.jpg