Melrose Park village at a Glance
Population
25,177
Median Home Value
$248,500
Nat'l avg: $281,900
Median Rent
$1,354
Nat'l avg: $1,163
Median Income
$64,400
Nat'l avg: $74,580
Violent Crime
1.2 per 1K
Nat'l avg: 3.6 per 1K
Walk Score
0/100
Car-Dependent
Air Quality
AQI 43
Good
Climate Risk
Relatively Moderate
Score: 73.10
Explore Melrose Park village
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Best Neighborhoods
Top-rated neighborhoods in Melrose Park village ranked by Kurby Score
Affordable Neighborhoods
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Up & Coming Neighborhoods
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Young Professionals
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Living In Guide
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About Melrose Park village
Melrose Park offers a refreshing contrast to the often-overwhelming housing costs seen across the nation. With a median home value of $248,500, significantly below the national average, it's a haven for those seeking affordability without sacrificing lifestyle. This village, home to just over 25,000 residents, exudes a friendly, close-knit atmosphere. Here, you'll find a community that prides itself on its accessibility and welcoming nature, making it an ideal spot for first-time homebuyers or those looking to downsize. From an investment standpoint, Melrose Park presents a compelling case. While the median household income of $64,400 is slightly below the national average, the lower cost of living provides a comfortable standard of living. The area's affordability, coupled with its proximity to Chicago, makes it attractive to a diverse range of individuals and families. Melrose Park is particularly well-suited for those who value community, convenience, and a more relaxed pace of life, while still having easy access to the employment and cultural opportunities of a major metropolitan area.