Melrose, ND is a small rural town with a median home value of $135,900. While the median home value in the U.S. is significantly higher at $338,100, Melrose has experienced greater value appreciation over the last year with 12.36%, compared to the national average of 8.27%. This makes Melrose an attractive option for those looking to purchase a home in a rural setting without breaking the bank.
The median home cost in Melrose is $135,900. Home appreciation the last 10 years has been 77.7%. Home Appreciation in Melrose is up 13.5%.
Average Age of Homes
- The median age of Melrose real estate is 50 years old
The Rental Market in Melrose
- Renters make up 23.1% 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.