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

$211,300

  • -9.1% 1-year change
  • -2.6% 1-year forecast

The median home value in Melrose is $211,300. Melrose home values have declined -9.1% over the past year and Zillow predicts they will fall -2.6% within the next year. The median list price per square foot in Melrose is None. The median rent price in Melrose is $1,400, which is lower than the New York median of $2,500.

Foreclosures will be a factor impacting home values in the next several years. In Melrose 11.4 homes are foreclosed (per 10,000). This is greater than the New York value of 0.5 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
  • $211,300 ZHVI
  • -2.6% 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 data Median listing price
  • No recent data Median sale price
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Melrose Market Health

Data through Mar 31, 2015
  • No recent data
  • 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)

11.4 homes Melrose
0.5 homes New York
3 homes United States
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Nearby Neighborhoods

Name Median ZHVI
East Harlem $747,000
Hamilton Heights $596,100
Washington Heights $510,100
Name Median ZHVI
Soundview $277,600
South Bronx $268,700
 

Listings & Sales

  • No data
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Melrose Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,805 Melrose
    $2,224 New York
    $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

  • 2.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,400 Rent list price
  • $1.85 Rent list price / sq ft
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