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Melrose, IA Real Estate


According to census data in the year 2000 there were 64 housing units in Melrose. This represents a 22% decline from 82 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 64 were located in what is classified as a rural area.

Homeownership rate in Melrose is about 83.3%. Melrose's vacancy rate, including seasonal lodging, is about 15.6%. Average household size is 2.37 people.

The majority of houses, apartments or condos in Melrose were built after 1939.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom0%
Two Bedrooms32.80%
Three Bedrooms35.90%
Four Bedrooms29.70%
Five Bedrooms or more1.60%
As % of Housing Units
       

Owned Homes, Apartments and Condos

Average Household Size2.27
Median year structure was built1939
Median Value of occupied units$39,000
Median Price asked for vacant units$9,999

Rented Homes, Apartments and Condos

Average Household Size2.89
Median year structure was built1939

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage21.40%
Home Equity Loan0%
Simple Mortgage25%
Debt Free53.60%
As % of Housing Units
     
Median part of Monthly Household Income dedicated to covering home ownership costs10%