Why Live in Melrose Park
Melrose Park, located 14 miles west of downtown Chicago, is a neighborhood with a rich industrial history and a commitment to progress. Known for its aesthetically pleasing suburban atmosphere, it features woods, parks, and the Des Plaines River. The area boasts a variety of architectural styles, including historical homes influenced by Frank Lloyd Wright’s Prairie style, midcentury bungalows, split-levels, and Craftsman-inspired homes. The neighborhood's streetscape includes driveways, garages, mature shade trees, and homes with small ornamental lawns. Melrose Park offers several green spaces like Bataan Park, which was recently renovated with a playground, tennis courts, gardens, ball fields, an exercise track, and a picnic pavilion. The Oak Park Country Club and Thatcher Woods provide additional outdoor activities, including an 18-hole golf course and walking trails. Shopping and dining options range from small locally owned businesses to big box stores, with key commercial areas along Broadway Avenue, Division Street, and Lake Street. Residents can enjoy evening entertainment at the Cinemark movie complex and community events like the Taste of Melrose Park and Hispano Fest. The neighborhood is highly walkable, with accessible public transportation options including buses and a Metra station. Commuters can easily connect to Interstate 290 via North Avenue.
Frequently Asked Questions
Is Melrose Park a good place to live?
Melrose Park is a good place to live, receiving 3.4 stars from its residents. Melrose Park is considered car-dependent and somewhat bikeable with some transit options. Melrose Park is a neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Melrose Park has 7 parks for recreational activities. It is somewhat dense in population with 6.7 people per acre and a median age of 36. The average household income is $77,655 which is below the national average. College graduates make up 10.9% of residents. A majority of residents in Melrose Park are renters, with 53.6% of residents renting and 46.4% of residents owning their home. A
local real estate agent serving Melrose Park can help you decide if this neighborhood is the right one for you. Learn more on our
Melrose Park neighborhood guide.
Is Melrose Park, IL a safe neighborhood?
Melrose Park, IL is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Melrose Park?
The median home price in Melrose Park is $308,500. If you put a 20% down payment of $61,700 and had a 30-year fixed mortgage with an interest rate of 6.75%, your estimated principal and interest payment would be $1,600 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $69K a year to afford the median home price in Melrose Park. The average household income in Melrose Park is $78K.
What are the best public schools in Melrose Park?
The best public schools that serve Melrose Park are:
What are the best private schools in Melrose Park?
The best private schools that serve Melrose Park are:
What are the most popular zip codes in Melrose Park, Melrose Park, IL?
What are the most popular neighborhoods near Melrose Park, Melrose Park, IL?
Home Trends in Melrose Park, IL
On average, homes in Melrose Park, IL sell after 25 days on the market compared to the national average of 51 days. The median sale price for homes in Melrose Park, IL over the last 12 months is $300,000, up 3% from the median home sale price over the previous 12 months.
Median Sale Price
$300,000
Median Single Family Sale Price
$342,450
Median Townhouse Sale Price
$249,750
Average Price Per Sq Ft
$233
Number of Homes for Sale
6
Last 12 months Home Sales
54
Median List Price
$308,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
3%