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.
Home Trends in Melrose, IA
On average, homes in Melrose, Iowa City sell after 31 days on the market compared to the national average of 52 days. The median sale price for homes in Melrose, Iowa City over the last 12 months is $440,000, up 28% from the median home sale price over the previous 12 months.
Median Sale Price
$440,000
Median Single Family Sale Price
$495,000
Median Townhouse Sale Price
$375,000
Average Price Per Sq Ft
$192
Number of Homes for Sale
0
Last 12 months Home Sales
5
Median List Price
$440,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
28%
