Zip 56352 (Melrose, MN) Housing

Housing in 56352 Melrose, MN has a median value of $257,600, which is lower than the US median house value of $338,100. Over the past year, the appreciation rate for housing in 56352 Melrose has been 7.75%, which is slightly lower than the national appreciation rate of 8.27%. This makes housing in this area more affordable to buyers, while still providing an opportunity for sellers to see a good return on their investment.

The median home cost in Melrose (zip 56352) is $257,600. Home appreciation the last 10 years has been 77.8%. Home Appreciation in Melrose (zip 56352) is up 13.6%.

Average Age of Homes

- The median age of Melrose (zip 56352) real estate is 40 years old

The Rental Market in Melrose (zip 56352)

- Renters make up 15.5% of the Melrose (zip 56352) population
- 2.6% of houses and apartments in Melrose (zip 56352), 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, Minnesota	United States
	2,743.0	139,647,020.0
	53	42
	$257,600	$338,100
	13.6%	16.6%
	50.2%	57.0%
	77.8%	101.1%
	$10.80	$10.98
	$1,949	$2,690
	71.1%	57.4%
	10.4%	11.2%
	18.5%	31.4%
Vacant Housing
	2.6%	1.9%
	0.0%	0.4%
	0.9%	0.7%
	0.1%	0.4%
	5.8%	3.6%
	1.0%	4.1%
Value of Owner-Occupied Housing
	3.5%	2.6%
	0.7%	2.4%
	3.5%	2.8%
	8.7%	3.9%
	9.0%	4.5%
	13.3%	11.3%
	20.7%	13.0%
	19.8%	20.1%
	11.9%	13.6%
	2.4%	8.3%
	3.6%	9.7%
	2.2%	3.9%
	0.5%	2.2%
	0.1%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.5%	13.6%
	10.5%	13.6%
	11.8%	13.6%
	9.5%	13.2%
	12.9%	14.8%
	11.8%	13.6%
	4.9%	10.0%
	8.5%	4.7%
	23.1%	12.2%

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