HomeMassachusettsMiddlesex CountyMelrose city
Melrose city, Massachusetts: commercial real estate data.
Melrose city is a Census city of 29,650 people across 4.68 square miles of land, in Middlesex County. Median household income is $133,953, 67.2 percent of occupied homes are owned, and the SBA record carries 18 7(a) approvals to borrowers here worth $6.1 m.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Melrose
What Melrose is
- Census place typecity
- Land area4.68 sq mi
- Water area0.08 sq mi
- Population per square mile of land6,331
- County holding the largest share of its areaMiddlesex County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Melrose
How many people live in Melrose
- Population29,650
- Median age43.6
- Population under 185,993
- Share under 1820.2 percent
- Population 65 and over6,106
- Share 65 and over20.6 percent
- Households12,401
- Family households7,929
- Share of households that are families63.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Melrose
Income and work in Melrose
- Median household income$133,953
- Per capita income$67,861
- Civilian labor force16,777
- Employed16,149
- Unemployed628 plus or minus 210
- Unemployment rate3.7 percent plus or minus 1.2
- Adults 25 and over22,215
- Adults 25 and over with a high school diploma or higher95.3 percent
- Adults 25 and over with a bachelor degree or higher62.0 percent
- Adults 25 and over with a graduate degree28.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Melrose
Housing in Melrose
- Housing units12,771
- Occupied units12,401
- Vacant units370 plus or minus 184
- Vacancy rate2.9 percent plus or minus 1.4
- Owner occupied8,328
- Renter occupied4,073
- Ownership rate67.2 percent
- Median owner-occupied home value$822,900
- Median gross rent, monthly$1,970
- Annual rent as a share of median income17.6 percent
- Single family units7,234
- Share single family56.6 percent
- Units in buildings of two or more5,336
- Share in buildings of two or more41.8 percent
- Mobile homes151 plus or minus 127
- Median year structure built1938
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Melrose
How Melrose gets to work
- Workers 16 and over who commute11,310
- Commuting under 15 minutes1,603
- Share commuting under 15 minutes14.2 percent
- Commuting 30 minutes or more6,829
- Share commuting 30 minutes or more60.4 percent
- Drove alone48.6 percent
- Carpooled5.4 percent plus or minus 1.8
- Public transport12.4 percent
- Walked1.8 percent plus or minus 0.9
- Worked from home29.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Melrose
SBA loans in Melrose (7(a))
- Approvals18
- Gross approval$6,093,500
- Average approval$338,528
- Median approval$150,000
- Ninetieth percentile approval$1,445,000
- Largest approval$1,572,000
- Jobs supported105
- Jobs per approval5.8
- Loans with a final outcome5
- Paid in full4
- Charged off1
- Median term120 months
- Share on real estate terms of 20 years or more27.8 percent
- Share to franchises5.6 percent
- Distinct lenders7
- Distinct industries by NAICS13
A charge-off rate is not published here. only 5 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Melrose
SBA loans in Melrose (504)
- Approvals10
- Gross approval$3,234,000
- Average approval$323,400
- Median approval$330,000
- Largest approval$619,000
- Jobs supported30
- Loans with a final outcome3
- Charged off0
- Median term240 months
- Distinct CDCs3
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Middlesex County, not Melrose
Middlesex County context, not Melrose figures
These are Middlesex County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Melrose measurements.
- Establishments in Middlesex County44,624
- Employment at those establishments, Middlesex County963,417
- Covered employment, Middlesex County926,104
- Average annual pay, Middlesex County$113,704
- Average weekly wage, Middlesex County$2,187
- Housing units permitted, Middlesex County3,495
- Of those, single family, Middlesex County889
- County product, 2024, Middlesex County$240,665,230,000
- County product change over the prior year, Middlesex County5.8 percent
- Average income of an arriving household, Middlesex County$129,274
Every figure in this section is published for Middlesex County as a whole and is not a measurement of Melrose. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Melrose questions, answered from the record.
How many people live in Melrose, Massachusetts?
29,650, in 12,401 households. Melrose city covers 4.68 square miles of land, which is 6,331 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Melrose in?
Middlesex County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Melrose?
$133,953. The median owner-occupied home is valued at $822,900. Median gross rent is $1,970 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Melrose businesses?
18 7(a) approvals totalling $6.1 m, across 7 lenders, median approval $150,000, plus 10 504 approvals worth $3.2 m. These count approvals to borrowers whose address is in Melrose, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Melrose borrowers get paid back?
No rate is published for Melrose. only 5 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Melrose figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Middlesex County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Melrose.
Is zoning published for Melrose?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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