Melrose Park is a moderately-sized city located in the state of Illinois. The city has a population of 25,422 residents. Melrose Park has a population density of 5,998 people per square mile. This would be considered well above the national population density level. More than a quarter of the residents of Melrose Park identify themselves as Hispanic or Latino, and 67% of the population speak Spanish as their primary or secondary language. The median age of all Melrose Park residents is 33, which is well below the national average. This is a good indication that this city could be ideal for young singles.
Living in Melrose Park can be a fulfilling experience for anyone relocating to the city. Having said that, in the state of Illinois, there are many incredible places to live, so choose wisely! To help you find the best places to live in and around Melrose Park, AreaVibes has created a livability score using key metrics like amenities, crime, housing and more.
The livability score in Melrose Park is 69 out of 100 and the city is ranked in the 58th percentile of all cities across America. There are seven total categories that generate the livability score. Melrose Park scores well for amenities (A+), crime (A-) and housing (B). On a less positive note, Melrose Park does not have favorable grades for the following: cost of living (D), weather (D), education (F) and employment (D-). If we take a look at the data, we can find out why.
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Melrose Park, there is no shortage of amazing local amenities and interesting things to do.
Finding affordable real estate and apartments for rent in Melrose Park can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are available, most people will need to know if the real estate in Melrose Park is actually affordable. The median home price for Melrose Park homes is $168,700, which is 3.5% lower than the Illinois average. If we take a closer look at the affordability of homes in Melrose Park, we’ll see that the home price to income ratio is 3.7, which is 23.3% higher than the Illinois average. Year over year appreciation rates for homes in the Melrose Park area were 4.2% and the 5 year appreciation rates came in at 8.9%. Why is this important? Knowing the appreciation rates for any area is a quick and easy way to determine if you will see a solid return on your investment.
|Average one way commute||26min||29min||26min|
|Workers who drive to work||76.0%||73.4%||76.4%|
|Workers who carpool||13.4%||8.3%||9.3%|
|Workers who take public transit||3.6%||9.2%||5.1%|
|Workers who bicycle||0.3%||0.6%||0.6%|
|Workers who walk||2.8%||3.1%||2.8%|
|Working from home||2.1%||4.4%||4.6%|