Melrose Park, NY is a great place to own a home. The median value of housing is $196,300, which is much lower than the national median of $338,100. In addition, the one year house appreciation in Melrose Park has been 11.42%, higher than the US average of 8.27%. This makes Melrose Park an attractive location for potential homeowners looking for a good investment opportunity. People who purchase a home in this area can expect to see their property values increase over time and make a solid return on their investment.
The median home cost in Melrose Park is $196,300. Home appreciation the last 10 years has been 62.6%. Home Appreciation in Melrose Park is up 12.8%.
Average Age of Homes
- The median age of Melrose Park real estate is 60 years old
The Rental Market in Melrose Park
- Renters make up 7.2% of the Melrose Park population
- 0.0% of houses and apartments in Melrose Park, 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.