Melrose, MI is a great place to invest in housing. The median value for homes in the area is $255,700, which is significantly lower than the US median home value of $338,100. Furthermore, Melrose's one year house appreciation rate is 16.51%, which is nearly double the US average of 8.27%. This makes Melrose an excellent choice for those looking to invest in real estate and potentially make a substantial profit over time.
The median home cost in Melrose is $255,700. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Melrose is up 21.4%.
Average Age of Homes
- The median age of Melrose real estate is 44 years old
The Rental Market in Melrose
- Renters make up 9.8% 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.