Why Live in Melrose-Rugby
Melrose-Rugby in Roanoke, VA, is a historic northwest neighborhood established in the early 1900s as a streetcar suburb. The area features Arts and Crafts-style homes, red-brick bungalows, and American Foursquare houses, all within a four-block walk to local parks. McCadden Park offers rolling grass terrain, while Eureka Park includes a community center with tennis courts, a playground, and a basketball court. The 5-mile Lick Run Greenway provides a paved route from Downtown Roanoke to Valley View Mall, a major shopping destination with over 100 retailers. Melrose Avenue is lined with chain retailers, locally owned take-out restaurants, and the contemporary Melrose Branch Library, which hosts various community events. The neighborhood is car-dependent but has easy access to Interstate 581 and U.S. Route 220, just over 2 miles north, and numerous Valley Metro bus stops. The Roanoke-Blacksburg Regional Airport is 3 miles away, and Downtown Roanoke, 3 miles southeast, features the Carilion Roanoke Community Hospital and the Roanoke Amtrak Station. Despite its historic charm, homes in Melrose-Rugby are more affordable than the Roanoke average, often requiring renovations due to their age. The neighborhood is safer than the national average, making it a practical choice for potential home buyers.
Home Trends in Melrose-Rugby, VA
On average, homes in Melrose-Rugby, Roanoke sell after 41 days on the market compared to the national average of 51 days. The median sale price for homes in Melrose-Rugby, Roanoke over the last 12 months is $172,000, down 1% from the median home sale price over the previous 12 months.
Median Sale Price
$172,000
Median Single Family Sale Price
$172,950
Average Price Per Sq Ft
$115
Number of Homes for Sale
7
Last 12 months Home Sales
39
Median List Price
$175,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-1%