The housing in Melrose, IA is an attractive option for potential homeowners as the median value of $150,200 is considerably lower than the US house median value of $338,100. In addition, there has been an 11.61% increase in the value of housing in Melrose over the past year compared to the US average of 8.27%. With a more affordable cost and a higher appreciation rate, Melrose continues to be an attractive place for people seeking to buy or invest in a home.
The median home cost in Melrose is $150,200. Home appreciation the last 10 years has been 63.9%. Home Appreciation in Melrose is up 15.1%.
Average Age of Homes
- The median age of Melrose real estate is 59 years old
The Rental Market in Melrose
- Renters make up 15.6% of the Melrose population
- 0.0% of houses and apartments in Melrose, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.