Melrose, SD is a great place to live with an attractive housing market. The median value of a house in Melrose is $223,000, which is much lower than the national median of $338,100. Additionally, the appreciation of housing prices in Melrose has been on the rise over the past year at 14.45%, more than double the US 1 year House Appreciation rate of 8.27%. This makes Melrose an attractive option for both home buyers and investors looking to purchase real estate.
The median home cost in Melrose is $223,000. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Melrose is up 17.2%.
Average Age of Homes
- The median age of Melrose real estate is 44 years old
The Rental Market in Melrose
- Renters make up 0.0% 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.