Rent to Own Homes near Melrose, MA

  • Melrose is a small town, north of Boston, in Middlesex County, Massachusetts. Though originally explored by Europeans as early as 1628, Melrose was only officially incorporated as a town in 1850, after the Boston and Maine Railroad built three stops in the area. This rail corridor still serves Melrose as part of the MBTA Commuter Rail system, which enables some 27,000 residents to enjoy easy access to both work and play in the big city.

Check out over 300 Melrose, MA rent to own homes for sale, which may include auction properties, for sale by owner, and more.

Sponsored Link

Top 4 Reasons to Live in Melrose, MA

  • A historic city! The Melrose Town Center Historic District has been on the National Register of Historic Places since 1982. This district encompasses seven buildings, including City Hall, the main fire station, and Memorial Hall. This historic district is part of downtown Melrose, which is the city's central business district. The Melrose Public Library, founded by a large donation from Andrew Carnegie in the early 20th century, was added to the register in 1988.
  • Low property taxes! Currently, real estate taxes are set at $13.28 for residential and $18.51 for commercial properties; these rates are lower than in other cities in Massachusetts because Melrose is a suburban area. When you begin searching for a new home, Main Street is a good area to explore, as it offers a balance of city and suburban life. Upscale homes can be found near the Mount Hood and Bellevue Golf Clubs.
  • Outdoor recreation! Pine Banks Park features a natural forest area, as well as sports fields and open space for activities and events. Mount Hood Golf Club and Country Club is well known for offering summer fun on the links, but during winter features a ski area and sledding. Ell Pond freezes for skating and pick-up hockey games during the winter, as well. Melrose also borders Spot Pond and the extensive Middlesex Fells reservation, so there's no shortage of green space for residents to enjoy.
  • Rising property values! According to Zillow, the median home value in Melrose is $457,900, up over six percent from the previous year. This value is forecast to rise in the coming year, which makes Melrose a great place to invest. Gracious single-family homes can be found in the Melrose Highlands neighborhood on the north side of town, while more affordable rent to own options are available on the Malden line in The Fells, south of Wyoming Avenue.