Melrose, MA

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Melrose short-term rental market based on reliable data.

Listings

36 / 61

Reliable / Active

Cap Rate

4%

Middle-Earners Gross Yield

Revenue

$41,168

Middle-Earners Revenue

Occupancy

77%

Middle-Earners Occupancy

Home Value

$940,635

Median Home Sale Price

Top Earners

$58,620

Top-Earners Revenue

Melrose

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Melrose.

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B

Generally Investor friendly

Melrose Regulations

Short‑term rentals are explicitly permitted with a straightforward licensing and registration process, but the 60‑day annual rental cap and required tax collection/annual renewal add a moderate compliance burden that investors can manage.

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About Melrose

Melrose is a residential city in Middlesex County, Massachusetts, situated approximately seven miles north of downtown Boston. With a population of roughly 28,000, the city has a quiet, established feel defined by late-Victorian and early-twentieth-century architecture, leafy streets, and a walkable downtown along Main Street. Melrose carries the informal nickname "the City of Champions" thanks to the long athletic success of its public high school, and the community takes genuine pride in its small-town identity even as it sits firmly within the orbit of Greater Boston. It functions as a comfortable suburban base for travelers who want easy access to the city while staying in a calmer setting, and it also serves as a convenient starting point for exploring the towns and natural areas of the North Shore and inner-ring suburbs.

Just minutes from Melrose's western edge lies the Middlesex Fells Reservation, a roughly 2,200-acre state park shared with neighboring Medford, Stoneham, and Winchester. The Fells offers miles of marked hiking and biking trails, a series of ponds, rocky overlooks such as the popular Skyline Trail, and plenty of space for picnicking. Visitors entering from Melrose can reach the park in only a few minutes by car or on foot, and the trails are accessible year-round, making it one of the most popular outdoor escapes in the Boston metro area.

Downtown Boston is an easy trip south, roughly a fifteen- to twenty-minute drive depending on traffic, and it can also be reached by commuter rail from the Melrose/Highland station. From the Faneuil Hall area and the Freedom Trail to the museums of the Fenway and the waterfront of the Harborwalk, the city offers an unusually dense collection of historic sites, professional sports venues, and cultural institutions. This proximity lets Melrose guests enjoy a quiet suburban stay while still spending full days exploring the region's marquee attractions.

To the north, the North Shore communities of Lynn, Marblehead, Salem, and Gloucester lie within roughly a forty-five-minute drive, opening up coastal scenery, harbor cruises, and historic downtowns. Closer to home, the Stoneham and Wakefield areas offer additional dining, shopping, and family-friendly stops, including the Stone Zoo, a compact ZooNew England property known for its snow leopards and black bears, located only a short drive from Melrose. Together these nearby options give visitors a mix of urban sightseeing, outdoor adventure, and coastal day-tripping, all within easy reach.

Melrose works well as a short-term-rental base because it offers a quieter, more residential alternative to staying directly in Boston while remaining a short and predictable commute from the city's core. The combination of a charming downtown, walkable residential blocks, immediate access to the Middlesex Fells, and quick routes to both the North Shore and downtown Boston gives the city broad appeal for couples, families, and business travelers who want the best of both worlds.

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