Zip 45861 (Melrose, OH) Housing

Housing is a great investment in 45861 Melrose, OH. The median value of homes in this area is $88,500, which is significantly lower than the US Median Value of $338,100. Additionally, home appreciation for the past year has been 8.69%, slightly higher than the national average of 8.27%. This makes for excellent prospects when looking to buy a home in this area. With a lower median value and higher appreciation rate, you can be sure that your investment will see returns in the near future.

The median home cost in Melrose (zip 45861) is $88,500. Home appreciation the last 10 years has been 64.5%. Home Appreciation in Melrose (zip 45861) is up 11.9%.

Average Age of Homes

- The median age of Melrose (zip 45861) real estate is 46 years old

The Rental Market in Melrose (zip 45861)

- Renters make up 15.4% of the Melrose (zip 45861) population
- 3.5% of houses and apartments in Melrose (zip 45861), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Melrose, Ohio	United States
	173.0	139,647,020.0
	49	42
	$88,500	$338,100
	11.9%	16.6%
	48.3%	57.0%
	64.5%	101.1%
	$11.95	$10.98
	$710	$2,690
	72.8%	57.4%
	19.7%	11.2%
	7.5%	31.4%
Vacant Housing
	3.5%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	6.9%	0.4%
	0.0%	3.6%
	9.2%	4.1%
Value of Owner-Occupied Housing
	25.4%	2.6%
	11.9%	2.4%
	11.1%	2.8%
	7.1%	3.9%
	15.9%	4.5%
	5.6%	11.3%
	3.2%	13.0%
	19.8%	20.1%
	0.0%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	11.6%	13.6%
	11.6%	13.6%
	22.0%	13.6%
	1.7%	13.2%
	19.1%	14.8%
	22.0%	13.6%
	4.0%	10.0%
	1.2%	4.7%
	35.3%	12.2%

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