Melrose vs Cambridge: Housing
| Melrose | Cambridge | |
|---|---|---|
| Median Home Value | $822,900 | $1,092,100 |
| Median Gross Rent | $1,970/mo | $2,787/mo |
| Homeownership Rate | 67.2% | 33.5% |
| Rent as Share of Income | 17.6% | 25.6% |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.