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Advertise here →Melrose Park, IL · Houses & Market Data
Melrose Park, Illinois houses and real estate market data.
Houses in Melrose Park, IL (Cook County) — Census median home value $265,000, county listing prices up about 2.2% over the past year. Market data for Melrose Park houses and the broader area.
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Melrose Park, IL is in Cook County, Illinois — this guide covers houses in Melrose Park and the whole local market: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 24,513, with a median household income of $64,740. Census data puts Melrose Park houses at a median value of $265,000 (all owner-occupied homes); Cook County's current median listing price runs $352,450, up about 2.2% over the past year.
Info from government sites and builders may have provided source info.
Market overview
Melrose Park housing market
Melrose Park is in Cook County, Illinois. Manifest Census and county price-trend data provide baseline context for houses in Melrose Park and the surrounding county market.
Median home value (Census ACS)
$265,000
Population (Census ACS)
24,513
Median household income
$64,740
County price trend (2025)
5.52% YoY
Population, income, and median home value from the project batch manifest (Census ACS 2023 5-year). County price trend from FHFA county HPI when present in the manifest row.
At a glance
Melrose Park market snapshot
Population
24,513
County
Cook County
Median Household Income
$64,740
Median Home Value (city)
$265,000
Median Listing Price (Cook County)
$352,450
Median Gross Rent
$1,194/mo
Price Trend (YoY)
+2.2%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. See About
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What makes Melrose Park different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Melrose Park's median home value — across all owner-occupied homes, not just recent sales — at $265,000. Separately, Cook County's current median listing price (via Realtor.com data, 2026-06-01) runs $352,450. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Cook County's FHFA house price index shows a 5.52% annual change in 2025.
Population & Income
Melrose Park has an estimated population of 24,513 and a median household income of $64,740, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Melrose Park's Census-reported median home value works out to about 4.1x the area's median household income, and median gross rent runs roughly 22% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
Nearby
Places around Melrose Park
County guide: Cook County — cities, market context, and local resources for the county that includes Melrose Park.
USAHouses.com also helps visitors looking in nearby Cook County and other Illinois communities. Some locations may not yet have dedicated pages, but many licensed professionals in this region assist surrounding communities.
Nearby communities include Stone Park, Bellwood, Maywood, River Grove, Northlake, River Forest, Franklin Park, Berkeley, Elmwood Park, Broadview, Hillside, Forest Park, Schiller Park, Oak Park, Westchester, Elmhurst.
Stone Park market data
Nearby city · ~0.9 mi
Bellwood market data
Nearby city · ~1.5 mi
Maywood market data
Nearby city · ~1.9 mi
River Grove market data
Nearby city · ~2.0 mi
Northlake market data
Nearby city · ~2.3 mi
River Forest market data
Nearby city · ~2.4 mi
Franklin Park market data
Nearby city · ~2.4 mi
Berkeley market data
Nearby city · ~2.6 mi
Elmwood Park market data
Nearby city · ~2.8 mi
Broadview market data
Nearby city · ~3.1 mi
Hillside market data
Nearby city · ~3.1 mi
Forest Park market data
Nearby city · ~3.4 mi
Schiller Park market data
Nearby city · ~3.9 mi
Oak Park market data
Nearby city · ~4.0 mi
Westchester market data
Nearby city · ~4.0 mi
Elmhurst market data
Nearby city · ~4.1 mi
More Illinois cities with market guides: Aurora, Joliet, Naperville, Rockford, Elgin, Springfield, Peoria, Waukegan.
Aurora market data
Same-state city guide
Joliet market data
Same-state city guide
Naperville market data
Same-state city guide
Rockford market data
Same-state city guide
Elgin market data
Same-state city guide
Springfield market data
Same-state city guide
Peoria market data
Same-state city guide
Waukegan market data
Same-state city guide
Adjacent-county Census places with USAHouses.com pages: Villa Park (~6.0 mi), Oakbrook Terrace (~6.4 mi), Oak Brook (~6.5 mi), Wood Dale (~7.4 mi), Addison (~7.7 mi), Lombard (~8.1 mi), Clarendon Hills (~8.7 mi), Westmont (~9.4 mi), Itasca (~9.5 mi), Willowbrook (~10.2 mi), Glen Ellyn (~10.5 mi), Downers Grove (~11.0 mi), Glendale Heights (~11.1 mi), Bloomingdale (~12.1 mi), Darien (~12.4 mi), Wheaton (~13.0 mi).
New construction: New homes near Melrose Park (Chicago) · Illinois new construction.
Census & home facts
Melrose Park data from published sources
Population (ACS 2023)
24,513
Median home value (ACS 2023)
$265,000
Median household income (ACS 2023)
$64,740
Median gross rent (ACS 2023)
$1,194
County FHFA annual change (2025)
5.52%
County median listing price (FRED/Realtor.com) (2026-06-01)
$352,450
Census place type
village
County
Cook County
Land area (Census Gazetteer 2024)
4.35 sq mi
Census GEOID
1748242
Census ACS, FHFA, and FRED figures are labeled with the year present in existing CSVs. Subject to change / confirm locally.
NewUSAHouses.com communities
Closest verified new-home communities near Melrose Park
Availability and pricing are controlled by the builder and may change; confirm with the builder.
The Summit at Yorktown ↗
D.R. Horton · Lombard, Illinois · ~8.5 mi
Talon Preserve ↗
M/I Homes · Downers Grove, Illinois · ~8.7 mi
Hometown America Management Lp ↗
Champion Homes · Chicago, Illinois · ~10.3 mi
Realty Systems Inc ↗
Skyline Homes · Chicago, Illinois · ~10.3 mi
The Woodlands ↗
Champion Homes · Chicago, Illinois · ~10.3 mi
Local life
Life in Melrose Park
Schools
City of Chicago SD 299 — 644 schools, 321,666 students enrolled, per the U.S. Department of Education's Common Core of Data. Cook addresses may be served by City of Chicago SD 299, but attendance zones vary by street — confirm assigned schools with the district before making a move.
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Common questions
Melrose Park FAQ
What are houses worth in Melrose Park, IL?
The Census Bureau's American Community Survey puts the median value of houses in Melrose Park at $265,000. Cook County's current median listing price runs $352,450, up about 2.2% over the past year.
How much do houses cost in Melrose Park, IL?
For owner-occupied houses in Melrose Park, Census ACS data shows a median value of $265,000. Active listing prices in Cook County may differ — see the market snapshot above.
What types of houses are in Melrose Park, IL?
Melrose Park houses include resale single-family homes, condos, mobile homes, and small multi-unit buildings, plus new construction in surrounding Cook County communities where builders are active. The housing-stock section below uses Census ACS structure counts when available for this city.
What is the population of Melrose Park, IL?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Melrose Park's population at approximately 24,513.
What's the median rent in Melrose Park, IL?
The Census ACS estimates median gross rent in Melrose Park at approximately $1,194 per month.
What is the median household income in Melrose Park, IL?
Census ACS data puts the median household income in Melrose Park at approximately $64,740.
Is the Melrose Park housing market growing?
Cook County's FHFA house price index shows a 5.52% annual change in 2025.
Is Melrose Park, IL affordable relative to income?
Census ACS data puts Melrose Park's median home value at about 4.1 times the median household income, with median gross rent equal to roughly 22% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
What school district serves Melrose Park, IL?
Manifest and public school-directory data suggest City of Chicago SD 299 for many Melrose Park addresses, but attendance zones vary by street — verify your assigned schools with the district before making a move.
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