Why Live in Melrose
Melrose is a small neighborhood in Iowa City, located just south of the University of Iowa campus. Known for its strong school pride and community involvement, Melrose is a hub of activity, especially during sporting events. The area is predominantly occupied by student renters and landlord-owned properties, with homes ranging from small ranch-style houses and cottages to Colonial Revivals and new traditional homes. The neighborhood is characterized by its proximity to the university and associated medical buildings, making it convenient for students and faculty. However, the noise level can be high due to nearby highways, train tracks, and sports stadiums. Melrose is within walking distance of many university activities and city-run events, including football games at Kinnick Stadium and baseball games at Duane Banks Field. During the summer, the area quiets down as students leave, but downtown events like the Summer of the Arts keep locals entertained with jazz festivals, blues performances, and block parties. Dining options are nearby, with Hudson's Southside Tap and Sidekick Coffee & Books offering a variety of food and drink choices. For outdoor activities, residents can visit Brookland Park or take a walk along the Iowa River Corridor Trail, which extends to City Park. The neighborhood is safer than the national average, and young students in the eastern half attend the highly rated Lincoln Elementary School. The nearest regional airport, Eastern Iowa Airport, is 22 miles northwest.
Frequently Asked Questions
Is Melrose a good place to live?
Melrose is a good place to live. Melrose is considered car-dependent and very bikeable with good transit options. Melrose has 2 parks for recreational activities. It is sparse in population with 2.8 people per acre and a median age of 28. The average household income is $54,157 which is below the national average. College graduates make up 57.5% of residents. A majority of residents in Melrose are renters, with 85.7% of residents renting and 14.3% 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.
How much do you need to make to afford a house in Melrose?
The median home price in Melrose is $299,900. If you put a 20% down payment of $60,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,550 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $66K a year to afford the median home price in Melrose. The average household income in Melrose is $54K.
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, Iowa City, IA?
What are the most popular neighborhoods near Melrose, Iowa City, IA?
Home Trends in Melrose, IA
On average, homes in Melrose, Iowa City sell after 43 days on the market compared to the national average of 70 days. The median sale price for homes in Melrose, Iowa City over the last 12 months is $298,900.
Median Sale Price
$298,900
Median Single Family Sale Price
$298,900
Average Price Per Sq Ft
$207
Number of Homes for Sale
0
Last 12 months Home Sales
7
Median List Price
$299,900
Median Change From 1st List Price
0%
