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Melrose Park, IL Housing

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As of 2010-2014, median price of a house in Melrose Park is $173,800, which is about the same as the state average of $175,700 and is about the same as the national average of $175,700. The Melrose Park median house value has grown by 12.42% since 2000. The growth rate for the price of a house in Melrose Park is lower than the state average rate of 34.33% and is lower than the national average rate of 46.91%. The median year that a house in Melrose Park was built is 1954, which is older than the median year for a house built in the state which is 1967 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 3,826 Owner Occupied Houses in Melrose Park, IL, #235

Melrose Park, IL	173,800 USD
Illinois	175,700 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #1156

Melrose Park, IL	12.42%
Illinois	34.33%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Melrose Park, IL	Illinois	U.S.
Total Housing Units	8,293, see rank, 100%	5,299,433	132,741,033
Occupied Housing Units	7,555, 91.10%, see rank	90.17%	87.55%
Owner Occupied	3,826, 46.14%, see rank	60.28%	56.34%
Renter Occupied	3,729, 44.97%, see rank	29.89%	31.21%
Vacant Housing Units	738, 8.90%, see rank	9.83%	12.45%
For Rent	369, 4.45%, see rank	2.18%	2.34%
For Sale Only	95, 1.15%, see rank	1.36%	1.20%
Rented or Sold, Not Occupied	10, 0.12%, see rank	0.87%	0.92%
For Seasonal, Recreational, or Occasional Use	64, 0.77%, see rank	0.95%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.01%	0.03%
Other Vacant	200, 2.41%, see rank	4.46%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #955

Melrose Park, IL	Illinois	U.S.
1954	1967	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Melrose Park, IL	%	Illinois	U.S.
Owner-Occupied Units	3,826	100%	3,194,707	74,787,460
With a Mortgage	2,428	63.46%, see rank	67.18%	65.58%
Without a Mortgage	1,398	36.54%, see rank	32.82%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Melrose Park, IL	1,769 USD
Illinois	1,676 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Melrose Park, IL	%	Illinois	U.S.
$299 or Less	0	0.00%, see rank	0.14%	0.20%
$300 to $499	18	0.74%, see rank	1.21%	1.59%
$500 to $699	35	1.44%, see rank	4.05%	5.01%
$700 to $999	190	7.83%, see rank	11.52%	14.32%
$1,000 to $1,499	542	22.32%, see rank	24.62%	27.90%
$1,500 to $1,999	736	30.31%, see rank	22.62%	20.35%
$2,000 to $2,999	746	30.72%, see rank	24.08%	19.52%
$3,000 or More	161	6.63%, see rank	11.76%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Melrose Park, IL	31.70% of the Total Income
Illinois	24.20% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Melrose Park, IL	%	Illinois	U.S.
10% or Less	66	2.72%, see rank	5.20%	5.86%
10% to 20%	510	21.00%, see rank	31.00%	31.95%
20% to 30%	512	21.09%, see rank	27.90%	27.64%
30% to 40%	549	22.61%, see rank	14.28%	13.74%
40% or More	785	32.33%, see rank	21.15%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Melrose Park, IL	600 USD
Illinois	572 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Melrose Park, IL	%	Illinois	U.S.
$199 or Less	55	3.93%, see rank	4.12%	7.76%
$200 to $299	100	7.15%, see rank	8.95%	14.70%
$300 to $499	276	19.74%, see rank	27.30%	34.63%
$500 to $699	540	38.63%, see rank	25.34%	21.16%
$700 or More	427	30.54%, see rank	34.29%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Melrose Park, IL	16.40% of the Total Income
Illinois	13.50% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Melrose Park, IL	%	Illinois	U.S.
10% or Less	276	19.74%, see rank	34.64%	40.19%
10% to 20%	543	38.84%, see rank	34.00%	31.47%
20% to 30%	279	19.96%, see rank	13.55%	12.24%
30% to 40%	100	7.15%, see rank	6.36%	5.64%
40% or More	200	14.31%, see rank	10.25%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Melrose Park, IL	Illinois	U.S.
Total Housing Units	8,293, 100%	5,299,433	132,741,033
1-unit, Detached	3,225, 38.89%, see rank	58.58%	61.65%
1-unit, Attached	314, 3.79%, see rank	5.85%	5.82%
2 Units	1,285, 15.49%, see rank	5.71%	3.75%
3 or 4 Units	1,069, 12.89%, see rank	6.80%	4.43%
5 to 9 Units	816, 9.84%, see rank	6.22%	4.78%
10 or More Units	1,145, 13.81%, see rank	14.23%	13.08%
Mobile Home, Boat, RV, Van, etc.	439, 5.29%, see rank	2.61%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Melrose Park, IL	Illinois	U.S.
Total Housing Units	8,293, 100%	5,299,433	132,741,033
1 Room	273, 3.29%, see rank	2.20%	1.95%
2 Rooms	190, 2.29%, see rank	2.22%	2.48%
3 Rooms	1,377, 16.60%, see rank	8.27%	9.13%
4 Rooms	1,573, 18.97%, see rank	16.08%	16.60%
5 Rooms	1,696, 20.45%, see rank	20.31%	20.41%
6 Rooms	1,445, 17.42%, see rank	18.17%	18.06%
7 Rooms	749, 9.03%, see rank	12.12%	12.27%
8 Rooms	512, 6.17%, see rank	8.93%	8.48%
9 Rooms or More	478, 5.76%, see rank	11.70%	10.60%
Median Rooms	4.90, see rank	5.60	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Melrose Park, IL	Illinois	U.S.
Total Housing Units	8,293, 100%	5,299,433	132,741,033
No Bedroom	283, 3.41%, see rank	2.50%	2.17%
1 Bedroom	1,455, 17.54%, see rank	11.67%	11.16%
2 Bedrooms	2,759, 33.27%, see rank	29.01%	26.69%
3 Bedrooms	2,744, 33.09%, see rank	36.76%	39.70%
4 Bedrooms	744, 8.97%, see rank	15.97%	16.05%
5 or More Bedrooms	308, 3.71%, see rank	4.10%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Melrose Park, IL	Illinois	U.S.
Total Housing Units	7,555, 100%	4,778,633	116,211,092
Utility Gas	6,895, 91.26%, see rank	79.46%	48.85%
Bottled, Tank, or LP Gas	124, 1.64%, see rank	4.08%	4.86%
Electricity	471, 6.23%, see rank	14.82%	36.68%
Fuel Oil, Kerosene, etc.	21, 0.28%, see rank	0.20%	5.86%
Coal or Coke	0, 0.00%, see rank	0.02%	0.12%
Wood	0, 0.00%, see rank	0.50%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	23, 0.30%, see rank	0.45%	0.47%
No Fuel Used	21, 0.28%, see rank	0.46%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Melrose Park, IL	Illinois	U.S.
Occupied Units Paying Rent	3,613, 100%	1,513,617	39,201,928
$199 or Less	9, 0.25%, see rank	1.84%	1.50%
$200 to $299	21, 0.58%, see rank	3.23%	3.18%
$300 to $499	75, 2.08%, see rank	7.28%	7.37%
$500 to $699	446, 12.34%, see rank	15.00%	16.01%
$700 to $999	1,923, 53.22%, see rank	33.11%	29.17%
$1,000 to $1,499	947, 26.21%, see rank	26.04%	26.88%
$1,500 to $1,999	147, 4.07%, see rank	8.81%	9.79%
$2,000 or More	45, 1.25%, see rank	4.70%	6.10%
Median	$877, see rank	$903	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Melrose Park, IL	Illinois	U.S.
Occupied Housing Units	7,555, 100%	4,778,633	116,211,092
No Vehicles Available	705, 9.33%, see rank	10.79%	9.12%
1 Vehicles Available	2,723, 36.04%, see rank	35.14%	33.80%
2 Vehicles Available	2,553, 33.79%, see rank	36.99%	37.48%
3 or More Vehicles Available	1,574, 20.83%, see rank	17.09%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.