While it may not be as easy on the tongue as “90210,” the 02176 is one of the “hottest” places to be in America, according to Realtor.com.
Welcome to Melrose.
On Tuesday, Realtor.com named it the No. 4 hottest zip code in the country.
Three other communities in New England made the list: Worcester; South Portland, Maine; and Hudson, NH In fact, half of this year was his pick in the Northeast Polder.
Just 10 miles north of Boston, deserves Melrose, who last year as no. 7, praised for having a desirable school system, easy access to public transportation, and paddle boarding and boating on Spot Pond, according to the news release. The city shares Middlesex Fells Reservation, home of popular hiking trails, with four other communities.
Homes in Melrose sell on average 19 days, 26 days faster than the Boston metropolitan area and 50 days faster than the national median. The median price for median is $ 644,000, 2 percent higher than the metro area and 95 percent higher than the national median. Fifty-fifty percent of the residents in this ZIP Code are homeowners, and millennial homeownership is 46 percent.
“Demand for these markets was driven by a lack of affordability in nearby larger urban centers such as New York and Boston, where prices skyrocket and increased space is a luxury that many cannot afford,” according to the news release.
Broker.com 20,000 ZIP codes analyzed based on the time it takes properties to sell and how often homes are viewed in each zip code from April to June 20. Qualified ZIP codes had at least 13 active ads each month to calculate a rank. This was limited to one zip code per metropolis.
Far North, South Portland, Maine (04106), ranks no. 5 on the list. Realtor.com mentioned the city’s beautiful beaches, miles of rocky coastline, short drive to Portland Head Light, and walking distance. “South Portland is a slightly more affordable option compared to the city of Portland, while still being close to downtown and its world-class restaurants,” according to the report. “The community attracts many families and people looking to escape to larger cities like Boston and New York. ”
Homes in South Portland spend an average of 21 days on the market, seven days more than last year, but 38 days less than the Portland subway in general. The median list price is $ 377,000, up 4.2 percent a year. Asking prices are 9 percent lower than the subway in general, but 14 percent higher than the U.S. median. Fifty-seven percent of the residents in this ZIP are homeowners, and the millennial rate for homeowners is 36 percent.
At the old place of Melrose, no. 7, is Hudson, NH (03051). Along the Merrimack River in “tax-free New Hampshire,” Hudson offers access to highways leading to the Lake District, White Mountains, or the Sea Coast, the list said.
Homes sell here on average 22 days, 46 days faster than the national median. The median price for median is $ 350,000. Twenty-eight percent of the residents in this ZIP are homeowners, and millennial homeownership is 33 percent.
The last New England community to make the list was Worcester, at no. 8.
Worcester (01602) is known for its historic homes and colleges. Realtor.com said it was a “hotspot for families and retirees looking for three- or four-bedroom homes, but rising house prices have reached it for many first-time home buyers.”
Homes in Worcester spend an average of 21 days on the market, 31 days less than the metro as a whole and 48 days less than the national median. The median price of the median is $ 318,000, 14 percent lower than the metro as a whole and 4 percent lower than the national median. Fifty-fifty percent of the inhabitants in this ZIP are homeowners, and millennial homeownership is 50 percent.
The report suggests that millennials continue to migrate away from the nation’s urban centers in search of affordable housing and space to raise a household.
“The hottest ZIP rates of this year are noticeably to the East Coast. Nothing west of the Rocky Mountains made the list, ‘according to Danielle Hale, chief economist at Realtor.com. “But if you look at the list through the lens of affordability, the picture becomes clearer. As the greatest generation in American history moves forward toward life milestones – settlement, marriage, parenthood – the need for space and affordable housing shines the bright lights in expensive urban areas such as New York or Los Angeles. While we millennials have now proven this direction for a few years, all the extra time at home has been trying to work, learn and play in response to the pandemic this preference and has put the trend towards extra space and affordability fast forward. “
The full list:
- (80911) Colorado Springs, Colo.
- (43068) Reynoldsburg, Ohio
- (14617) Rochester, NY
- (02176) Melrose
- (04106) South Portland, Maine
- (66614) Topeka
- (03051) Hudson, NH
- (01602) Worcester
- (22152) Springfield, Va.
- (27604) Raleigh, NC
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