Home Values

Melrose Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$94,000

  • 5.5% 1-year change
  • 3.1% 1-year forecast

The median home value in Melrose is $94,000. Melrose home values have gone up 5.5% over the past year and Zillow predicts they will rise 3.1% within the next year. The median price of homes currently listed in Melrose is $94,900.

Foreclosures will be a factor impacting home values in the next several years. In Melrose 17.0 homes are foreclosed (per 10,000). This is greater than the Mobile value of 10.7 and also greater than the national value of 3.0

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Relative ZHVI
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Melrose Market Overview

Data through Mar 31, 2015
  • $94,000 ZHVI
  • 3.1% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Mar 31, 2016)
  • No recent data Median listing price
  • No data Median sale price
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Melrose Market Health

Data through Mar 31, 2015
  • 7.3/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • No data Homes with negative equity (16.9% US Avg)
  • No data Delinquent on mortgage (6.3% US Avg)

Homes foreclosed (per 10,000)

17 homes(Feb 28, 2015) Melrose
10.7 homes Mobile
3 homes United States
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Nearby Neighborhoods

Name Median ZHVI
Millers Creek $162,900
D'Iberville $138,700
Cottage Park $137,200
Name Median ZHVI
Sheldon $134,800
Warwick $133,900
Yorkwood $133,500
Name Median ZHVI
Baker $107,700
Kimberline $103,800
Rothfield $89,600

Listings & Sales

  • No data
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Melrose Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $906 Melrose
    $904 Mobile
    $1,362 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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