Why Live in Melrose Place
Melrose Place in Tulsa is a neighborhood known for its midcentury homes, many of which are being restored by newer residents, along with some new construction. The area features a variety of architectural styles, including older brick Bungalows, Ranches, and newer custom builds. John Starks Park, named after the local NBA legend, offers amenities such as basketball and tennis courts, a walking path, and green spaces. The W.L. Hutcherson Branch YMCA provides a gym, indoor pool, and various classes and programs. Melrose Place is within walking distance of the culturally rich Tulsa Arts District, home to the Tulsa Theater and the Bob Dylan Center. Dining options include Waffle That, known for its homemade waffles with various toppings, and the Cajunboil Catering Food Truck, which serves New Orleans-style cuisine like crab, jambalaya, and catfish. For groceries, residents have Oasis Fresh Market nearby, and Seminole Shopping Center is just a five-minute drive. The neighborhood is two miles north of downtown Tulsa, accessible via North Main Street, with MetroLink Tulsa offering bus routes throughout the city. Melrose Place has seen significant revitalization and renovation, making it a desirable location for those seeking walkability and access to amenities.
Frequently Asked Questions
Is Melrose Place a good place to live?
Melrose Place is a good place to live. Melrose Place is considered very car-dependent and somewhat bikeable with some transit options. Melrose Place is a suburban neighborhood. Melrose Place has 7 parks for recreational activities. It is fairly sparse in population with 4.7 people per acre and a median age of 42. The average household income is $63,335 which is below the national average. College graduates make up 29.7% of residents. A majority of residents in Melrose Place are home owners, with 41.9% of residents renting and 58.1% of residents owning their home. A
local real estate agent serving Melrose Place can help you decide if this neighborhood is the right one for you. Learn more on our
Melrose Place neighborhood guide.
How much do you need to make to afford a house in Melrose Place?
The median home price in Melrose Place is $344,990. If you put a 20% down payment of $69,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,790 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $77K a year to afford the median home price in Melrose Place. The average household income in Melrose Place is $63K.
What are the best public schools in Melrose Place?
The best public schools that serve Melrose Place are:
What are the best private schools in Melrose Place?
The best private schools that serve Melrose Place are:
What are the most popular zip codes in Melrose Place, Tulsa, OK?
What are the most popular neighborhoods near Melrose Place, Tulsa, OK?
Are home prices dropping in Melrose Place?
Yes, home prices in Melrose Place are down 41% in the last 12 months.
Home Trends in Melrose Place, OK
On average, homes in Melrose Place, Tulsa sell after 380 days on the market compared to the national average of 70 days. The median sale price for homes in Melrose Place, Tulsa over the last 12 months is $332,990, down 33% from the median home sale price over the previous 12 months.
Median Sale Price
$332,990
Median Single Family Sale Price
$332,990
Median Townhouse Sale Price
$285,900
Average Price Per Sq Ft
$253
Number of Homes for Sale
0
Last 12 months Home Sales
7
Median List Price
$344,990
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-33%