Melrose Park is an attractive and affordable community. The abundance of industry helps keep real estate taxes low. Most homes are single-family, typically ranging from $150,000 to $200,000. A variety of styles include the Chicago-style brick bungalow, split-level and older two-story homes. Townhomes and condominiums also are available, but rare.
First-time homebuyers find Melrose Park a perfect place to buy due to the outstanding community and housing appreciation. The median age here is about 35. Finding a local realtor is a matter of choice. There are about 20 real estate companies offering multiple listing services, VA loans, FHA loans and free market analysis. A development corporation, several management groups and builders are located right in town.
Plenty of apartment dwelling is available throughout Melrose Park. In the works is the first senior citizen housing complex containing independent living housing units and long-term healthcare facilities. Additional senior housing sites are being explored forfuture construction.
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