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Melrose Homes for Sale

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  • /29

    $333,000

    • 3 Beds
    • 2 Baths
    • 1,350 Sq Ft

    45 Fairlawn Ave, Albany, NY 12203

    Welcome to this beautifully updated 3-bedroom, 2-bath home, complete with a versatile bonus office on the second floor—perfect for working from home or creating a cozy retreat. Start your mornings in the light-filled sunroom overlooking your private garden, or gather in the spacious, modern kitchen featuring a large island designed for entertaining. Gleaming hardwood floors flow seamlessly

    John Judski Berkshire Hathaway Home Services Blake

    45 Fairlawn Ave, Albany, NY 12203
  • /15

    $399,000

    • 2 Beds
    • 2 Baths
    • 1,914 Sq Ft

    100 Terrace Ave, Albany, NY 12203

    Come and see this timeless brick ranch nestled on a spacious 10,000 sq ft lot in the sought-after Melrose neighborhood.This single-level beauty, built in 1960, delivers roughly 1,914 sq ft of thoughtfully laid-out living space, featuring two generous bedrooms and two full baths. Roomy office could work as a 3rd bedroom. The living room is anchored by a classic fireplace—perfect for cozy

    Deborah Hoelzli Carrow Real Estate Services LLC

    100 Terrace Ave, Albany, NY 12203

Why Live in Melrose

The Melrose neighborhood in Albany is a predominantly residential area situated between Washington and Western Avenues, offering a small community feel with convenient access to the University at Albany and downtown Albany. The neighborhood features mid-20th-century homes, including ranches, colonials, Dutch colonials, and occasional Tudors, with vibrant exteriors and some Spanish-style homes. Melrose is known for its owner-occupied homes, many of which have been updated. Rosemont Park, the only green space within Melrose, provides a playground, tennis court, and basketball court, while nearby Frank Waterson Park offers additional recreational facilities, including baseball diamonds and a dog park. Residents often visit Washington Park for its festivals, events, and recreational amenities, such as the Tulip Festival and Park Playhouse shows. Dining options in the area include Junior’s Bar and Grill, Café Madison, and local favorites like Caffe Italia and Gateway Diner. The neighborhood is safer than the national average, making it appealing for families and those who enjoy bike riding and trick-or-treating. Melrose is well-connected by Route 20 and New York State Route 85, with bus services along Western and Washington Avenues, providing easy access to various parts of Albany.

Frequently Asked Questions

Is Melrose a good place to live?
Melrose is a good place to live. Melrose is considered somewhat walkable and bikeable with good transit options. Melrose is a suburban neighborhood. Melrose has 7 parks for recreational activities. It is fairly dense in population with 12.6 people per acre and a median age of 40. The average household income is $87,994 which is below the national average. College graduates make up 62.7% of residents. A majority of residents in Melrose are home owners, with 46.5% of residents renting and 53.5% of residents owning their home. A local real estate agent serving Melrose can help you decide if this neighborhood is the right one for you. Learn more on our Melrose neighborhood guide.
Is Melrose, NY a safe neighborhood?
Melrose, NY is less safe than the average neighborhood in the United States. It received a crime score of 5 out of 10.
How much do you need to make to afford a house in Melrose?
The median home price in Melrose is $299,000. If you put a 20% down payment of $59,800 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $1,520 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $65K a year to afford the median home price in Melrose. The average household income in Melrose is $88K.
What are the best public schools in Melrose?
The best public schools that serve Melrose are:
What are the best private schools in Melrose?
The best private schools that serve Melrose are:
What are the most popular zip codes in Melrose, Albany, NY?
The most popular zip codes in Melrose, Albany, NY include 12203, 12206, 12208, 12205 and 12209.
What are the most popular neighborhoods near Melrose, Albany, NY?
The most popular neighborhoods near Melrose, Albany, NY are Upper Washington Avenue, Buckingham Lake-Crestwood, Pine Hills, Campus Area and Lower Washington Avenue.
Are home prices dropping in Melrose?
Yes, home prices in Melrose are down 9% in the last 12 months.

Home Trends in Melrose, NY

Housing Trends

Median Sale Price
$300,000
Median Single Family Sale Price
$305,000
Average Price Per Sq Ft
$196
Number of Homes for Sale
2
Last 12 months Home Sales
25
Months of Supply
1.00
Median List Price
$299,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-7%
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