Melrose, OH is a great place to purchase a house. The median value for housing in Melrose is much lower than the US median at $86,200 compared to $338,100. However, the appreciation in the last year was slightly higher than the US average at 8.69%. This indicates that even though home prices may be more affordable than many other locations, there is still potential for growth in the future.
The median home cost in Melrose is $86,200. Home appreciation the last 10 years has been 64.5%. Home Appreciation in Melrose is up 11.9%.
Average Age of Homes
- The median age of Melrose real estate is 43 years old
The Rental Market in Melrose
- Renters make up 14.3% of the Melrose population
- 3.5% 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.