Why Live in Melrose
Melrose, a vibrant neighborhood in Nashville, is situated just 3 miles south of Downtown Nashville along 8th Avenue. The area has seen significant development, featuring modern apartment complexes alongside vintage spots like Fat Mo’s and Melrose Billiard Parlor. Dining options include Sinema, located in the old Melrose Movie Theatre, and local favorites like the Smiling Elephant and M.L. Rose Craft Beer and Burgers. For entertainment, residents enjoy Zanies Comedy Night Club and The Basement, both offering live performances. Housing in Melrose includes modern "Tall and Skinny" homes, updated mid-century ranches, Tudors, and bungalows. Waverly-Belmont Elementary School, within walking distance, is highly rated. Although Melrose lacks its own parks, nearby green spaces like Sevier Park and Reservoir Park provide outdoor activities. The neighborhood is well-connected with WeGo public buses and is close to major attractions like the Country Music Hall of Fame and the Johnny Cash Museum. Medical facilities such as Monroe Carell Jr. Children's Hospital and TriStar Centennial Medical Center are easily accessible. Nashville International Airport is 8 miles away. Melrose has a lower crime risk compared to the national average, making it a desirable area within Nashville.
Home Trends in Melrose, TN
On average, homes in Melrose, Nashville sell after 31 days on the market compared to the national average of 51 days. The median sale price for homes in Melrose, Nashville over the last 12 months is $897,000, down 10% from the median home sale price over the previous 12 months.
Median Sale Price
$897,000
Median Single Family Sale Price
$1,007,500
Median Townhouse Sale Price
$661,000
Median 2 Bedroom Sale Price
$489,450
Median 1 Bedroom Sale Price
$325,000
Average Price Per Sq Ft
$437
Number of Homes for Sale
43
Last 12 months Home Sales
45
Median List Price
$900,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-10%