Zip 60160 (Melrose Park, IL) Housing

The housing in 60160 Melrose Park, IL is above the US median value with a current median value of $275,500. In the past year, there has been an 8.27% appreciation rate nationwide for homes compared to a 9.73% appreciation rate in Melrose Park. This higher appreciation rate suggests that this area is a great place to invest in home ownership as prices are increasing quickly. With its affordability and fast-rising rates, Melrose Park is an attractive spot for potential homeowners.

The median home cost in Melrose Park (zip 60160) is $275,500. Home appreciation the last 10 years has been 63.3%. Home Appreciation in Melrose Park (zip 60160) is up 12.6%.

Average Age of Homes

- The median age of Melrose Park (zip 60160) real estate is 62 years old

The Rental Market in Melrose Park (zip 60160)

- Renters make up 45.2% of the Melrose Park (zip 60160) population
- 1.6% of houses and apartments in Melrose Park (zip 60160), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Melrose Park, Illinois	United States
	8,578.0	139,647,020.0
	64	42
	$275,500	$338,100
	12.6%	16.6%
	35.4%	57.0%
	63.3%	101.1%
	$22.38	$10.98
	$4,983	$2,690
	49.7%	57.4%
	7.3%	11.2%
	43.0%	31.4%
Vacant Housing
	1.6%	1.9%
	0.0%	0.4%
	1.5%	0.7%
	0.4%	0.4%
	0.5%	3.6%
	3.2%	4.1%
Value of Owner-Occupied Housing
	6.8%	2.6%
	2.6%	2.4%
	1.1%	2.8%
	1.3%	3.9%
	2.9%	4.5%
	6.2%	11.3%
	21.4%	13.0%
	34.0%	20.1%
	21.0%	13.6%
	1.6%	8.3%
	0.2%	9.7%
	0.0%	3.9%
	0.6%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.6%	13.6%
	6.6%	13.6%
	5.6%	13.6%
	7.1%	13.2%
	10.6%	14.8%
	5.6%	13.6%
	29.4%	10.0%
	8.2%	4.7%
	22.3%	12.2%

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