Melrose Park village
Illinois
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.
Melrose Park village, Illinois at a Glance
Melrose Park village is a city in Illinois with a population of approximately 25,177. The median home value is $248,500 and the median household income is $64,400. It has a Walk Score of 0 out of 100, indicating car dependency. The violent crime rate is 1.2 per 1,000 residents, which is 67% below the national average. Air quality is rated Good. The overall climate risk is rated as "Relatively Moderate." Median rent is $1,354 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.
Median Home Value
$248,500
Median Income
$64,400
Population
25,177
Walk Score
0
Air Quality
AQI 43
Good
Climate Risk
Relatively Moderate
Fair
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- Population
- 25,177
- Median Age
- N/A
- Median Household Income
- $64,400
14% below nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- 10.7%
14% below nat'l avg
- Median Home Value
- $248,500
12% below nat'l avg
- Median Rent
- $1,354
16% above nat'l avg
- Homeownership Rate
- 90.0%
37% above nat'l avg
- Affordability Index
- 218
118% above nat'l avg
- Violent Crime Rate
- 1.2 per 1K
67% below nat'l avg
- Property Crime Rate
- 3.7 per 1K
81% below nat'l avg
- AQI
- 43
Near nat'l avg
- Category
- Good
- Overall Risk
- Relatively Moderate
- Risk Score
- 73.10
Top Hazards
- Overall
- Quiet
- Road Traffic
- N/A
- Aviation
- N/A
- Rail
- N/A
- Electricity Rate
- 15.0¢/kWh
10% below nat'l avg
- Est. Monthly Electric
- $135
Near nat'l avg
- Total Schools
- 2
- Elementary
- 1
- Middle
- 0
- High School
- 1
- Avg. Enrollment
- 449
- Student-Teacher Ratio
- 15.2:1
- Free/Reduced Lunch
- 23.1%
- Title I Schools
- 0%
Student Demographics
Nearby Schools
- Unemployment Rate
- 5.0%
35% above nat'l avg
- Poverty Rate
- 10.7%
14% below nat'l avg
Weather & Climate in Melrose Park village
Avg High
63°F
Avg Low
45°F
Annual Rainfall
37.7"
Avg Humidity
69%
Political Landscape
→ Politically stable
Based on McLean County county-level presidential election data
Culture & Things to Do in Melrose Park village
Melrose Park Italian Fest
Annual festival celebrating Italian culture with food, music, and entertainment.
Melrose Park Summer Concert Series
Free outdoor concerts held throughout the summer months.
Melrose Park Memorial Day Parade
Annual parade honoring veterans and fallen soldiers.
Melrose Park Farmers Market
Seasonal market offering fresh produce and local goods.
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