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States / Illinois / Melrose Park

Melrose Park, IL Housing

ACS 2020-2024

Median Home Value
$275,800 ± $10,829
Median Gross Rent
$1,176 ± $82/mo
Homeownership Rate
56.7%
Rent as Share of Income
21.3%
Price-to-Income Ratio
4.2×
Vacancy Rate
6.7%
Median Year Built
1956

New Construction (2025)

Housing units authorized by building permit — a leading signal of new supply, from the Census Building Permits Survey.

Units Authorized
5
Buildings
2
Single-Family Units
1
Multi-Family Units
4

Nearby Cities in Illinois

Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.

Melrose Park, IL Housing: Rent & Home Values | HomeDataUSA