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Housing market/Massachusetts/ZIP 02176

ACS 2023 · FY2027 SAFMR

ZIP 02176 Melrose, Massachusetts

Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area · Massachusetts. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
29,488
Households
12,368
Median HH income
$126,854
Renter share
32.2%
Median gross rent
$1,933
Vacancy
2.8%
Pop. change
+4.9%
2BR SAFMR
$2,820
SAFMR / rent
1.459×
2–49 unit stock
3,753
LIHTC proj / units
—
HUD assisted MF
4 / 344

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 02176 · MA — sent to you.

ZIP 02176 · MA

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ACS rent vs 2BR SAFMR

ZIP 02176 — Melrose, MA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,933
2BR SAFMR$2,820
90% floor$2,538
110% ceiling$3,102

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 02176

  • 1-unit detached7,01055.3%
  • 1-unit attached4313.4%
  • 2–4 units1,69713.4%
  • 5–49 units2,05616.2%
  • 50+ units1,35210.7%
  • Mobile1371.1%
TypeUnitsShare
1-unit detached7,01055.1%
1-unit attached4313.4%
2 units (duplex)1,32110.4%
3–4 units3763.0%
5–9 units4943.9%
10–19 units7936.2%
20–49 units7696.0%
50+ units1,35210.6%
Mobile1371.1%

2–4 unit share 13.3% · 5–49 unit share 16.2% · combined 2–49 29.5%.

Units by bedrooms

Studio
299
1BR
2,202
2BR
2,983
3BR
4,439
4BR
2,244
5+
557

Rent burden

Rent ≥30% of income45.7%
Rent ≥50% of income21.1%
  • ACS median gross rent $1,933 (all bedrooms, occupied rentals).
  • Median contract rent $1,769.
  • Renters paying ≥30% of income 45.7%; ≥50% 21.1%.
  • FY2027 2BR SAFMR $2,820 (1.459× ACS median gross rent).

Population

29,488 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +4.9%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: not published for this ZIP.
  • HUD project-based assisted MF: 4 properties, 344 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 1,372 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 02176 32.2% of occupied households are renters; vacancy is 2.8%; ACS median gross rent is $1,933; population increased +4.9% between the 2018 and 2023 ACS vintages; the housing stock includes 1,697 units in 2–4-unit structures and 2,056 units in 5–49-unit structures; FY2027 2BR SAFMR is $2,820 versus ACS median gross rent of $1,933. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Massachusetts research

ZIP 02176 is a Census / HUD profile for Boston-Cambridge-Quincy, MA-NH, MA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 02176 — Melrose, MA HUD Section 8 Payment Standards / SAFMR·Massachusetts ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
01464Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area17.7%$1,189$2,65001469Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area15.7%$1,121$2,65001474Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area17.3%$2,368$3,40001701Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area21.8%$1,973$2,82001702Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area65.7%$1,822$2,81001703Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area——$3,05001704Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area——$3,05001718Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area3.7%—$2,66001719Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area22.7%$1,816$2,65001720Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area24.6%$1,908$2,66001721Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area24.5%$2,334$3,34001731Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area100.0%$3,501$4,510

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Massachusetts research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 02176?

ZIP 02176 (Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area) has 29,488 residents, 12,368 households, a renter share of 32.2%, median household income of $126,854, and ACS 2023 median gross rent of $1,933. Vacancy is 2.8%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 02176?

ACS counts 1,321 units in 2-unit buildings, 376 in 3–4 unit buildings, 494 in 5–9, 793 in 10–19, and 769 in 20–49. Combined 2–49 unit stock is 3,753 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 02176?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,820. See the full schedule and 90–110% payment-standard band on the ZIP 02176 — Melrose, MA HUD Section 8 Payment Standards / SAFMR.

Does this Massachusetts ZIP profile include Georgia listings?

No. ZIP 02176 is Census / HUD research for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area. Jeff Crowe CRE does not list Massachusetts property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.