Melrose Park, IL Real Estate
According to census data in the year 2000 there were 7,950 housing units in Melrose Park.
This represents a 1.4% growth from 7,843 in 1990.
Of those housing units, 7,950 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Melrose Park is about 54.6%.
Melrose Park's vacancy rate, including seasonal lodging, is about 3.6%.
Average household size is 3.02 people.
The majority of houses, apartments or condos in Melrose Park were built after 1956.
|Housing Units by Size|
|Five Bedrooms or more||2.70%|
Owned Homes, Apartments and Condos
|Average Household Size||3.16|
|Median year structure was built||1955|
|Median Value of occupied units||$154,600|
|Median Price asked for vacant units||$163,600|
Rented Homes, Apartments and Condos
|Average Household Size||2.85|
|Median year structure was built||1959|
|Median Monthly Rent asked for vacant units||$491|
Owners Finance Status
|Second Mortgage & Equity Loan||0.30%|
|Home Equity Loan||4.60%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||21.6%|